100% of respondents disagreed with the suggestion of limiting the amount that could be taken tax free from a pensioner’s pension pot. Turning to the possibility of compensating micro employers for the cost of tax collection, opinion was fairly divided, with 40% agreeing. Of those who agreed with the suggestion of compensating micro employers, opinion was split as to whether this should be for businesses with five and fewer, or nine and fewer employees. However, all respondents agreed that there should be a NICs exemption for very small companies. The CIPP Policy Team would like to thank all members who found the time to respond to these or any other of our surveys. Your views are essential in helping us to provide informed views to those who set future policies.
THE CIPP LAUNCHES ITS ANNUAL PAYROLL SURVEY FINDINGS
18 July 2013
The Chartered Institute of Payroll Professionals has today (18 July) announced the findings of its fifth annual payslip survey, which looks at the number of UK employees being paid, the frequency with which they are paid, the method of how they are paid and the information included in the payslip.
Key findings include: Payslips including details of pensionable pay rises to its highest level The number of employees being paid weekly drops as RTI kicks in Employees still aren’t ready for online payslips Use of Faster Payments has dropped
Additional information shown on the payslip They survey conducted by the CIPP’s policy team earlier this year has yet again shown some surprising new trends within the payroll. Most noticeably is the addition of pensionable pay information as the effects of automatic enrolment come into play. The figures rose from 19 per cent last year to 30 per cent this year. Karen Thomson, Associate Director of Policy, Research and Strategic Visibility, commented, “This statistic really stood out for us because it demonstrates that many employers are already looking at automatic enrolment for their staff. “However the worrying aspect is that, in many cases the employee may not be aware of the deductions in their pay until their payslip arrives at the end of the month, for which they may not have financially prepared for. It is therefore of paramount importance that organisations have an effective communications strategy in place ahead of the deductions being made.” Presentation of payslips Another interesting result was the number of payslips now being mailed to employees homes has increased and the use of electronic payslips has dropped from 38 per cent to 33 per cent. The reasons for this were cited as being the cost to businesses of implementing an electronic system and employees wanting to protect their privacy by having their pay details mailed to home instead of work. Payment method The proportion of pay frequencies in 2012/13 remains broadly consistent with the results from the research undertaken for 2011/12. Bacs remains the most popular payment method across all pay frequencies, however the use of Faster Payments has fallen this year, though Also on trend with previous years, is the rising inclusion of absence payments, both statutory and occupational has risen.
CIPP Policy News Journal
16/04/2014, Page 56 of 519
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