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![[payroll.jpg]](http://www.stmatthew.biz/img/payroll.jpg)
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Payroll
| Pay - an overview of obligations |
This guide aims to help you understand your obligations that include the need to supply an itemised pay statement and to comply with National Minimum Wage law. You must also make statutory payments including maternity, paternity, adoption, sick and guarantee pay. It also describes what deductions from workers' wages are unlawful. |
| PAYE: the basics |
As an employer, you need to deduct income tax and National Insurance contributions (NICs) from your employees' pay and submit the deductions to HM Revenue & Customs. This guide explains how you deduct income tax and NICs, introducing the various forms and processes involved. |
| National Insurance: the basics |
NICs are collected by HM Revenue & Customs and go towards benefits, such as a state pension and unemployment benefit. The class of NICs an individual pays can affect their entitlement to benefits. This guide gives an overview of each class and how they apply in some typical circumstances. |
| Pension planning for the self-employed |
As a self-employed person, you cannot join an employer's pension scheme and do not qualify for the additional State Pension, also known as the State Second Pension, formerly SERPS. However, you can take out another type of private pension such as a personal pension or a stakeholder pension. The amount you get at retirement depends upon how much money has been paid in, how well it has been invested and the age you retire at. It is important that you consider all your options before making a decision. This guide helps explain how pensions work and what you need to do to find one that suits your needs. |
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The Service
Resources
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