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Taxes · United KingdomAfter working through April, the busiest time of year for all payroll departments, I wanted to take a moment to reflect on some key changes that came into effect at the start of the new tax year. As payrollers, we know April can be intense. Accuracy is crucial, and we always aim to ensure all checks are completed thoroughly. One area I’ve seen consistently overlooked over the years is how student loan deductions are calculated. Too often, employ…Read Article
Calculating student loan deductions: are you doing it right?
United Kingdom · United KingdomA topic that has featured in the news recently is pension payments for parents on maternity or paternity leave, specifically where employers have failed to pay the correct level of pension contributions during that period. At Lambert Chapman, this is something we manage on a monthly basis and it’s vital that contributions are calculated correctly. As many will know, Statutory Maternity Pay (SMP), unless enhanced by your employer, is paid as fol…See the Story
Parental leave and pension contributions: are you getting it right?
United Kingdom · United KingdomMany parents and carers want to give children a solid financial base, yet feel unsure where to begin. The UK tax system offers several wrappers and allowances designed for minors, each with different rules on access, tax treatment and contribution levels. Saving for a child is not just about handing over a lump sum at 18. It can reduce student debt, fund a first driving lesson, provide a housedeposit boost or even kick-start a pension. Starting…Read Article
Children’s savings: Starting their financial future early
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