The Chartered Institute of Payroll Professionals
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Statutory Sick Pay (SSP)
£96.35 per week
•
Statutory Redundancy Pay
• The prescribed cap on weekly pay will increase to £544. Consequently, statutory redundancy pay will increase, with the maximum payment increasing to £16,320
Student Loan Thresholds
Plan one - £19,895 Plan two - £27,295
• • • •
NEW Plan four - £25,000
Post Graduate Loan - £21,000
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Class 1A National Insurance contributions on benefits in kind 13 April 2021
The 2021-22 employer guide on the topic of Class 1A National Insurance contributions (NICs) on benefits in kind (CWG5) has been published on GOV.UK.
The guide advises when Class 1A NICS are due and how they should be calculated, reported and paid.
2021: Class 1A National Insurance contributions on benefits in kind, termination payments and sporting testimonial payments - GOV.UK (www.gov.uk)
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HMRC coronavirus-related webinars 13 April 2021
As employers are still able to make claims through the Coronavirus Job Retention Scheme (CJRS), and can reclaim Statutory Sick Pay (SSP) for certain periods of coronavirus-related absence, HMRC is still offering several webinars on both topics.
CJRS webinar
Businesses have until 14 April 2021 to submit claims relating to the pay period of March 2021. The CJRS webinar includes information concerning:
Who can claim
• • • •
Who can be claimed for
How to calculate what can be claimed
How to submit a claim
Anyone wishing to join the webinar can register here.
Coronavirus SSP Rebate Scheme webinar
The Coronavirus SSP Rebate Scheme webinar provides guidance on:
The Chartered Institute of Payroll Professionals
Payroll: need to know
cipp.org.uk
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