Employee salary sacrifice schemes such as gym memberships, phones and insurance will no longer be tax-free, the chancellor Philip Hammond has said in the Autumn Statement
Salary sacrifice schemes discussed in Autumn Statement
Tags: Autumn statement
Employers nervously await details of apprenticeship levy
British employers are nervously awaiting details of the Chancellor’s ‘apprenticeship levy’, which will be fleshed out in the Autumn Statement later today.
CIPD reacts to Chancellor’s Autumn Statement
CIPD warns that increases in productivity required to drive real wage growth will take longer to arrive than expected. But this could also mean it takes longer for interest rates to start rising. Commenting on the Chancellor of the Exchequer’s Autumn Statement and the accompanying economic forecast from the independent Office for Budget Responsibility, CIPD…
Autumn statement puts the apprenticeship scheme at risk
Chris Jones, Chief Executive, City & Guilds Group said: “Apprenticeships have come so far over the past few years thanks to Government investment, support and focus. It’s fantastic to hear in the Autumn Statement that a budget surplus is in sight and that all the indicators point to growth in the UK economy. “In 2012,…
Sonel Mehta: Linking State Pension Age to Life Expectancy is unfair
With the government having announced an increase to State Pension Age (SPA) to 69, several things spring to mind. Less than four years ago, SPA for women was 60. It was meant to equalise to the male SPA of 65 in gradual steps between 2010 and 2020, which were steepened for equalisation to be achieved…
Public sector job losses to add to gloomy employment outlook
With the first unemployment figures of 2012 due out this week, the TUC is warning today (Tuesday) that additional job cuts in local government, education, the NHS and the civil service – announced in November’s autumn statement – will have a devastating impact on regional labour markets. Using official statistics the TUC has analysed the…
Focus of autumn statement should ultimately be creating jobs and growth
With the Chancellor George Osborne announcing his autumn statement tomorrow, there are calls for more to be done to allow businesses to grow and create more vacancies for the growing numbers of unemployed people in the UK. Carmen Watson, Managing Director of Pertemps Recruitment Partnership, said, “A bleak picture has been painted over recent months,…