Macmillan Mighty Hike 2022

The Richard Edwards Group Fundraising begins again in earnest on Saturday May 14 when 3 members of our office embark on the MacMillan Norfolk Coast Mighty Hike. Initially there were 7 of us on the waiting list to participate, but, when invitations to join from the waiting list were only received this week some of us, sadly, were already committed elsewhere.

Dan, Clare and Lisa B have agreed to walk the 13 miles from Cromer to Blakeney with only 2 weeks to train and we all applaud their spirit and determination… but won’t envy the blisters!

Last year we raised over £10,000 for MacMillan Cancer Support and would like to raise a little more in recognition of their tireless work in 2022.

If you would like to support either Dan, Clare or Lisa a link to our just giving page is attached to this article for your ease and generosity.

For each and every donation…Thank You x.

Chancellor's Spring Budget 2022

 Please find attached our digital summary of the Chancellor's 2022 Spring Budget.

Our Budget Summary provides an overview of the key announcements arising from the Chancellor’s speech.

 Additionally, throughout the Summary you will find informative comments to help you assess the effect that the proposed changes may have on you personally.

 We hope you find this budget summary useful but if you have any further queries, please do not hesitate to contact us for advice.

Important Updates for the New Payroll Year

 Please see below significant changes to Payroll processing and reporting for the new 2022/23 year.

If you have any queries regarding this article please contact our Payroll Department for further advice.

Health and Social Care Levy

Between 6 April 2022 and 5 April 2023 – If you are an employer, employee or self-employed (and below the State Pension age) you will need to pay the 1.25 percentage points increase in National Insurance contributions.

From 6 April 2023 – The separate levy of 1.25% will apply to the same amounts for the following classes of National Insurance contributions:

Class 1 that are above the primary and secondary thresholds
Class 1A and Class 1B for employers
Class 4 for the self-employed

All existing National insurance contributions reliefs will apply to the separate levy for:

Employees under that age of 21

Apprentices under the age of 25

Those eligible for the Employment Allowance

Armed forced veterans
HMRC will collect the levy through existing PAYE payroll and Self-Assessment systems.

National Minimum Wage

From 1 April 2022 the National Minimum Wage is to increase. The new rates are as follows:

For workers aged 23 and over (please note this was previously 25 and over) the national living wage is £9.50
Main rate for workers aged 21 to 22 inclusive is £9.18
Development rate for workers aged 18 - 20, inclusive, increases to £6.83 per hour.
Special rate for workers aged 16 and 17 increases to £4.81 per hour.
Special rate for apprentices aged 16-18, or in their first 12 months of apprenticeship: £4.81 per hour.