Are you aware of the following increases? Minimum wage to rise with effect April 2020 The national living wage (highest rate of the national minimum wage paid to over 25s) was increased from £8.21 to £8.72 an hour in April. New hourly rates: Over 25s £8.72 21 – 24 £8.20 18 – 20 £6.45 Under […]
Budget 2020 Overview Currently employees and the self-employed pay National Insurance contributions once they earn £166 per week. From April, the contributions threshold rises to £183 per week. UK employees already get statutory sick pay if they self-isolate due to coronavirus, even if they do not show symptoms, from day 1. Those who are not […]
Ovo Energy to pay £8.9m for overcharging customers Regulators has made Ovo repay customers it overcharged. Customers who paid too much will receive an average of £131.20 each. Ovo is also making a payment into a voluntary redress fund to help vulnerable customers Wonga borrowers to receive only 4.3% of compensation claims People who have […]
BBC to charge TV licence fee From June 2020, most over-75s will have to start paying the TV licence fee if they want to watch live television or access the BBC’s iPlayer service. The TV licence will continue to be free to over-75s who claim pension credit, a means-tested benefit to help the elderly. However, […]