Compensation & Benefits: Statutory holiday pay for workers on long term sick leave

Earlier in 2009 the European Court of Justice ruled that workers who were on long-term sick leave were entitled to continue accruing annual holiday even if they had exhausted all entitlement to paid sick leave […]

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Compensation & Benefits: UK income tax and social security – the new realities

We look at the new tax rates in force from April 2010 as well as the new rules on tax relief for pension contributions. Changes to the UK tax system taking effect from 6 April 2010 significantly increase the tax burden on those earning over £100,000, with some paying income tax at a 60% rate.  […]

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Compensation & Benefits: EU Commission proposes exempting all employee share schemes from the Prospectus Directive

The proposal extends the current employee share schemes exemption to all companies even if they  are not listed on a regulated market in the EEA,  but it may take some time to come into force […]

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Compensation & Benefits: Employment trends survey reveals extent of workplace belt tightening

The Confederation of British Industry and recruitment consultancy Harvey Nash have published a survey revealing the extent of organisational changes employers have made or are considering making to weather the downturn. […]

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Compensation & Benefits: New Sharesave bonus rates

Employees participating in HMRC approved Sharesave schemes are required to save a certain amount from their net pay, normally monthly.  The arrangement will normally include an entitlement to a bonus which is equal to a guaranteed number of monthly contributions […]

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Compensation & Benefits: HM Revenue & Customs update Employee Share Schemes User Manual (“ESSUM”)

HMRC has published updates to the ESSUM including some useful clarifications on SAYE (“Save As You Earn”) and CSOP (Company Share Option Plan) options […]

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Compensation & Benefits: Extension to paternity leave revisited – employers fear administrative burdens and scope for fraud

The government will shortly be consulting on proposals to allow fathers to “share” some of a mother’s maternity leave entitlement.
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