Manchester chartered accountants
© Shacter Cohen & Bor LLP - 31 Sackville Street - Manchester - M1 3LZ Tel: 0161 236 3909 Fax: 0161 236 8490

Minimum Wage and Other Employment Issues
From 1 October 2012 the new minimum wage comes in to force. We would remind you that it is your responsibility to notify us in writing the amounts and hours of your staffs wages. We therefore look forward to receiving your instructions if any wages increases are relevant.

National Minimum Wage (NMW)
The NMW applies to nearly all workers and·sets hourly rates below which pay must not be allowed to fall.

Directors and their family members, who do not have a contract of employment, could be excluded from the NMW regulations.

The rates set are based on the recommendations of the independent Low Pay Commission. The rates change on 1 October each year. The NMW is regulated by H M Revenue and Customs.

 

New Rates from 1/10/12 Current Rates 1/10/11 to 30/9/12
• Workers aged 21 and over £6.19 per hour £6.08 per hour
• Please note starts from age 21    
• Workers aged 18-20 £4.98 per hour £4.68 per hour
• Workers aged 16-17 £3.68 per hour £3.68 per hour
• Apprentice minimum wages £2.65 per hour £2.60 per hour

Further information can be found on the following web site:
www.gov.uk/national-minimum-wage-rates

The new rate will apply to •Apprentices under 19 • All apprentices over 19 in their first year of their apprenticeship
Apprentices aged 19 and over, after the first year of their apprenticeship are paid the minimum wage for their appropriate age.

The Apprentice must be on an approved apprentice scheme which leads to a recognised qualification.
www.anapprenticeship.co.uk/your-commitment-your-apprentice.html

New Starters
H M Revenue and Customs require that the P46 forms for new starters are to be sent to them online on the first pay date and forms P45's as soon as practical on receipt. These forms must now contain Dates of Birth and Addresses as well as the National Insurance number and a statement from the employee regarding their previous and current status. Leaver forms also have to be filed online in a timely manner.

In practical terms this means you need to forward us this information as soon as anyone commences or ceases employment with you, so as we can notify HM Revenue and Customs


Employers' Workplace Pension Obligations (Auto-Enrolment)
As reported in our April 2012 Clients' Circular Booklet (page 13) employers will have to enrol workers into a workplace pension on a phased basis starting from October 2012 for companies employing 10,000 or more workers.

The proposed start date for those employers with 50 to 499 employees is between 1 January 2014 and 1 July 2014, and for employers with less than 50 employees between 1 March 2014 and 1 February 2016.

We are advising employers to budget for this extra cost. For further information please consult our April 2012 Client Circular Booklet or contact us.

We do have a working arrangement with an Independent Financial Advisor who can offer independent pensions advice.


Employing Migrants
You are reminded if any employer wishes to employ a worker from outside the EU must apply for a certificate of sponsorship. Further information can be obtained from the following web site.
www.ukba.homeoffice.gov.uk/business-sponsors/points/sponsoringmigrants/
Employing illegal workers carries penalties and fines of up to £10,000.

National Minimum Wage (NMW) update.

Shacter, Cohen & Bor LLP 31 Sackville Street Manchester M1 3LZ Tel:  0161 236 3909 Fax: 0161 236 8490 Email: Reception@shacter-cohen-bor.com
Manchester chartered accountants

National Minimum Wage (NMW) update.

© Shacter Cohen & Bor LLP - 31 Sackville Street - Manchester - M1 3LZ Tel: 0161 236 3909 Fax: 0161 236 8490

Minimum Wage and Other Employment Issues
From 1 October 2012 the new minimum wage comes in to force. We would remind you that it is your responsibility to notify us in writing the amounts and hours of your staffs wages. We therefore look forward to receiving your instructions if any wages increases are relevant.

National Minimum Wage (NMW)
The NMW applies to nearly all workers and·sets hourly rates below which pay must not be allowed to fall.

Directors and their family members, who do not have a contract of employment, could be excluded from the NMW regulations.

The rates set are based on the recommendations of the independent Low Pay Commission. The rates change on 1 October each year. The NMW is regulated by H M Revenue and Customs.

 

New Rates from 1/10/12 Current Rates 1/10/11 to 30/9/12
• Workers aged 21 and over £6.19 per hour £6.08 per hour
• Please note starts from age 21    
• Workers aged 18-20 £4.98 per hour £4.68 per hour
• Workers aged 16-17 £3.68 per hour £3.68 per hour
• Apprentice minimum wages £2.65 per hour £2.60 per hour

Further information can be found on the following web site:
www.gov.uk/national-minimum-wage-rates

The new rate will apply to •Apprentices under 19 • All apprentices over 19 in their first year of their apprenticeship
Apprentices aged 19 and over, after the first year of their apprenticeship are paid the minimum wage for their appropriate age.

The Apprentice must be on an approved apprentice scheme which leads to a recognised qualification.
www.anapprenticeship.co.uk/your-commitment-your-apprentice.html

New Starters
H M Revenue and Customs require that the P46 forms for new starters are to be sent to them online on the first pay date and forms P45's as soon as practical on receipt. These forms must now contain Dates of Birth and Addresses as well as the National Insurance number and a statement from the employee regarding their previous and current status. Leaver forms also have to be filed online in a timely manner.

In practical terms this means you need to forward us this information as soon as anyone commences or ceases employment with you, so as we can notify HM Revenue and Customs


Employers' Workplace Pension Obligations (Auto-Enrolment)
As reported in our April 2012 Clients' Circular Booklet (page 13) employers will have to enrol workers into a workplace pension on a phased basis starting from October 2012 for companies employing 10,000 or more workers.

The proposed start date for those employers with 50 to 499 employees is between 1 January 2014 and 1 July 2014, and for employers with less than 50 employees between 1 March 2014 and 1 February 2016.

We are advising employers to budget for this extra cost. For further information please consult our April 2012 Client Circular Booklet or contact us.

We do have a working arrangement with an Independent Financial Advisor who can offer independent pensions advice.


Employing Migrants
You are reminded if any employer wishes to employ a worker from outside the EU must apply for a certificate of sponsorship. Further information can be obtained from the following web site.
www.ukba.homeoffice.gov.uk/business-sponsors/points/sponsoringmigrants/
Employing illegal workers carries penalties and fines of up to £10,000.

Shacter, Cohen & Bor LLP 31 Sackville Street Manchester M1 3LZ Tel:  0161 236 3909 Fax: 0161 236 8490 Email: Reception@shacter-cohen-bor.com