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“The future belongs to those who prepare for it today.” Malcolm X
Spring into the new tax year
Spring into the new tax year
Editor’s
comment
April is synonymous with the start of a new tax year for payroll, pensions and reward professionals. And this year will be no different as we look to 2024/25 and beyond. For individuals receiving their pay, the
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transition to the new tax year will appear seamless – as if by magic, they get their wages paid to them exactly as they would in any other pay period. But behind the scenes, it’s a different story. Software developers and payroll professionals will have been burrowing away and working tirelessly to ensure any changes for the new tax year are working correctly and that all the year-end activities have been completed. Turn to page 26 now to see what you should be doing for year end, along with discussion of those things heading your way from April 2024 and beyond. Our feature article, on page 36, also provides discussion and handy tips from a panel of experts on how to prepare for the new tax year. We’re always talking about holiday in the payroll industry, and not just about taking it! Many of our conversations are dominated by changes to holiday pay and entitlement, particularly of late. You won’t want to miss our hot topic article this month, on page 56, which helps to put the changes coming from April into practice. Finally, I’m sure you’re all aware that multiple changes are afoot in the world of pensions too! On page 50 of this issue, read all about pensions dashboards and how preparing for their introduction could impact payroll and employers, more generally.
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Lora Murphy MCIPP (editor@cipp.org.uk) Editor
26 - Spring into the new tax year By Samantha O’Sullivan
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36 - Feature topic – prepare to payroll By Jerome Smail 50 - What do pensions dashboards mean for employers and their payroll teams? By Richard Smith 56 - Hot topic – holiday pay: preparing for operational change By Mathew Akrigg
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| Professional in Payroll, Pensions and Reward |
Issue 98 | March 2024
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