Category: News

Elevating Operational Excellence: Zuber Mulla’s Impactful Promotion to Operations Manager

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Zuber Mulla joined Eternal Engagements in May 2022, initially serving as the payroll manager. With an extensive background in managing payroll processes for small and large companies, Zuber quickly proved his expertise in handling furlough claims, pension declarations, re-enrolments, manual calculations, and adept problem-solving within the payroll domain. His proficiency extends to navigating the intricacies of fast-paced environments and collaborating with regulatory authorities such as HMRC and pension regulators.

Zuber is dedicated to providing accurate and efficient payroll services that align with legal and regulatory requirements. His commitment has made him an invaluable asset to the Eternal Engagements team. His CIPP associate membership underscores his dedication to professional excellence.

In recognition of his outstanding contributions, Eternal Engagement was keen for Zumer to take on additional responsibilities, where he successfully managed multiple projects in collaboration with various departments. His promotion to operations manager is a testament to his capabilities and allows him to further enhance and streamline processes and systems at Eternal Engagements. Zuber has wasted no time, initiating impactful initiatives for the upcoming year.

The entire team at Eternal Engagements extends their heartfelt congratulations to Zuber on this well-deserved promotion. We wish him continued success in his new role, confident that his leadership will bring positive transformations within our organisation.

In Zuber’s own words, “When I joined Eternal Engagements, I hit the ground running, implementing systems and enhancing processes to streamline our payroll services. This journey led to my evolution into the role of Operations Manager as I assumed more responsibilities and spearheaded various projects across the organization. I am excited about embracing new challenges and driving positive changes within the business. Looking ahead, I am eager to continue collaborating with the fantastic team here at Eternal Engagements and express my gratitude for their unwavering support, which has played a crucial role in getting me to where I am today.” – Zuber Mulla

Discover more about Zuber in our exclusive “10 Questions with Zuber” blog, or connect with him on LinkedIn for insights into his professional journey and expertise.

Eternal Engagements Shines Bright in the Engage Awards: Celebrating Innovation and Employee Engagement Excellence

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We’re thrilled to share some exciting news with you all! Eternal Engagements has been nominated for not one but two prestigious Engage Awards: Best Use of Innovation in Employee Engagement and Best Use of Technology in Employee Engagement. These nominations are a testament to our unwavering commitment to transforming workplaces and enhancing employee engagement through innovative solutions and cutting-edge technology.

Here’s a glimpse into our entries for each category:

Best Use of Innovation in Employee Engagement

In this category, we tackled the challenge of establishing ourselves as a new player in the industry. As a startup, attracting top talent and building an employer brand posed significant hurdles. To overcome these challenges, we harnessed the power of innovation through platforms like LinkedIn, Bryq, and Personio.

We used LinkedIn to expand our reach and attract highly qualified individuals who shared our vision. We ensured our job postings reached suitable candidates by leveraging targeted job postings and personalised messages. Additionally, we showcased our innovative approach to employee engagement and highlighted our unique company culture on LinkedIn. It helped us position ourselves as thought leaders in the employee engagement space.

Our innovative use of technology and social media platforms allowed us to recruit and retain top talent, including HR professionals who have played a crucial role in developing cutting-edge employee engagement programs for our clients. The results have been remarkable, with increased customer satisfaction and significant cost savings for our clients.

Best Use of Technology in Employee Engagement

Our second nomination, in the Best Use of Technology in Employee Engagement category, reflects our deep commitment to leveraging technology to create exceptional employee experiences. Our all-in-one business solution simplifies administrative processes and enhances the employee experience by providing easy access to benefits such as pensions, healthcare, and lifestyle discounts.

We recognise that innovation is at the heart of our brand values, which include transparency, integrity, and partnership. Our technology-driven approach has streamlined internal processes, improved communication and provided employees with seamless access to valuable resources and benefits through our user-friendly platforms.

The impact of our technology-driven strategy can be seen in the remarkable improvements in critical quantitative and qualitative metrics. Our clients have reported increased employee engagement, improved productivity, and a strengthened workplace culture. Additionally, substantial cost savings have been achieved, reducing administrative and compliance-related costs.

We couldn’t be prouder of these nominations, which showcase our dedication to driving employee engagement and supporting business growth through innovation and technology. See the full list of Engage award categories and nominees – Click Here

Join Us on This Journey!

We invite you to join our journey in redefining employee engagement through innovation and technology. Contact us today to learn more about our services and how we can help you create an engaging and efficient workplace! You can also download our brochure on our services page – Click here

Contact Us Today to discover how Eternal Engagements can revolutionise your employee engagement and simplify your business operations.

Payroll Information Updates for Tax Year 2023/2024

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Welcome to our latest blog post on the crucial updates to payroll information for the upcoming tax year of 2023/2024. At Eternal Engagements, we understand the complexities and challenges of managing payroll, and that’s why we use the certified Sage business cloud payroll software combined with our team of experts. It allows us to stay ahead of the game and avoid common payroll mistakes, such as failing to update minimum wages or tax codes, which can lead to incorrect employee pay and inaccurate pension rates. In this blog, we’ll provide you with the latest updates and insights to ensure you stay compliant and up to date with your payroll responsibilities.

PAYE tax rates and thresholds

PAYE tax rates and thresholds 2023 to 2024
Employee personal allowance £242 per week
£1,048 per month
£12,570 per year
basic tax rate 20% on annual earnings above the PAYE tax threshold and up to £37,700
higher tax rate 40% on annual earnings from £37,701 to £125,140
additional tax rate 45% on annual earnings above £125,140

NI Thresholds

Class 1 National Insurance thresholds 2023 to 2024
LEL £123 per week

£533 per month

£6,396 per year
Primary threshold £242 per week
£1,048 per month
£12,570 per yearDirectors
For the whole tax year:£229 per week
£11,908 per year
Secondary Threshold (ST) £175 per week

£758 per month

£9,100 per year
Upper Secondary Threshold (under 21) (UST) £967 per week

£4,189 per month

£50,270 per year
Apprentice Upper Secondary Threshold (apprentice under 25) (AUST) £967 per week

£4,189 per month

£50,270 per year
Upper Earnings Limit (UEL) £967 per week

£4,189 per month

£50,270 per year

Minimum wage rates

NB: Minimum Wage increase from 1st April 2023 as follows:

Apprentice Rate              £5.28

Aged under 18                 £5.28

18-20-Year-Old                £7.49

Adult Rate (21-22)           £10.18

Living Wage (23 +)           £10.42

 

 Statutory Maternity, Paternity, Adoption and Shared Parental Pay

Type of payment or recovery 2023 to 2024 rate
SMP – weekly rate for first 6 weeks 90% of the employee’s average weekly earnings
SMP – weekly rate for remaining weeks £172.48 or 90% of the employee’s average weekly earnings, whichever is lower
Statutory Paternity Pay (SPP) – weekly rate £172.48 or 90% of the employee’s average weekly earnings, whichever is lower
Statutory Adoption Pay (SAP) – weekly rate for first 6 weeks 90% of employee’s average weekly earnings
SAP – weekly rate for remaining weeks £172.48 or 90% of the employee’s average weekly earnings, whichever is lower
Statutory Shared Parental Pay (ShPP) – weekly rate £172.48 or 90% of the employee’s average weekly earnings, whichever is lower
SMP/SPP/ShPP/SAP – proportion of your payments you can recover from HMRC 92% if your total Class 1 National Insurance (both employee and employer contributions) is above £45,000 for the previous tax year

103% if your total Class 1 National Insurance for the previous tax year is £45,000 or lower

 

Sick Pay

Statutory Sick pay has increased to £109.40 per week

Student Loan and Postgraduate loan

In addition to student loan recovery, we now have post-graduate loan recovery, which will be deducted via payroll. It will be shown on new starter forms.

Rate or threshold 2023 to 2024 rate
Employee earnings threshold for student loan plan 1 £22,015 per year
£1,834.58 per month
£423.37 per week
Employee earnings threshold for student loan plan 2 £27,295 per year
£2,274.58 per month
£524.90 per week
Employee earnings threshold for student loan plan 4 £27,660 per year
£2,305 per month
£531.92 per week
Student loan deductions 9%
Employee earnings threshold for postgraduate loan £21,000 per year
£1,750.00 per month
£403.84 per week
Postgraduate loan deductions 6%

  

Class 1 National Insurance rates

Employee (primary) contribution rates

 Deduct primary contributions (employee’s National Insurance) from your employees’ pay through PAYE.

National Insurance category letter Earnings at or above lower earnings limit up to and including primary threshold Earnings above the primary threshold up to and including upper earnings limit Balance of earnings above upper earnings limit
A 0% 12% 2%
B 0% 5.85% 2%
C nil nil nil
H (apprentice under 25) 0% 12% 2%
M (under 21) 0% 12% 2%

 

Employer (secondary) contribution rates

You pay secondary contributions (employer’s National Insurance) to HMRC as part of your PAYE bill.

Pay employers’ PAYE tax and National Insurance.

National Insurance category letter Earnings at or above lower earnings limit up to and including secondary threshold Earnings above secondary threshold up to and including Freeport upper secondary threshold Earnings above Freeport upper secondary threshold up to and including upper earnings limit, upper secondary thresholds for under 21s, apprentices and veterans Balance of earnings above upper earnings limit, upper secondary thresholds for under 21s, apprentices and veterans
A 0% 13.8% 13.8% 13.8%
B 0% 13.8% 13.8% 13.8%
C 0% 13.8% 13.8% 13.8%
H (apprentice under 25) 0% 0% 0% 13.8%
M (under 21) 0% 0% 0% 13.8%

Employment Allowance

Employment Allowance allows eligible employers to reduce their annual National Insurance liability by up to the annual allowance amount.

Allowance 2023 to 2024 rate
Employment Allowance £5,000

Eternal benefits from the industry’s leading payroll solution!

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At Eternal Engagements, we specialise in innovative business solutions that transform the employee experience and drive business growth and long-term resilience.

Targeted employee engagement schemes are critical in achieving heightened productivity, talent attraction and retention, and competitive advantage. Our cutting-edge employment strategy includes:

  • precise and streamlined payroll services
  • robust pension solutions
  • expert legal advice and
  • market-leading employee health and wellness benefits accessible 24/7 via our unique benefits portal and mobile app!

We want to share what we stand for and what we can deliver.

Our market-leading payroll solution will relieve your administrative burden, protect you from costly errors, and provide you with dedicated support and guidance via our diligent team of specialists.

Let’s dive into the far-reaching benefits of our payroll services.

The Payrole Debate

What are some of the most prevalent barriers to keeping payroll in-house? Which types of businesses are most affected by these concerns?

Financial Strain and Resource Cost

Simply put, in-house payroll can significantly strain a business’s financial and staff resources. For SMEs in particular, these costs add up quickly: payroll software, training, printers, printing and distributing payslips, creating tax documents, etc.

This is not to mention time costs and training expenses. For the average business owner, in-house payroll requires 80 work hours per annum, the equivalent of two full weeks of work!

Errors and Penalties

Doing payroll in-house, particularly with an overrun or inadequately trained staff, increases the risk of human error. This can negatively impact a business’s reputation and retention rates.

Common payroll errors include miscalculating pay or overtime wages, not paying employees on time, classifying employees incorrectly, missing deadlines, and using the wrong tax rates. There are sizable penalties associated with getting payroll wrong!

Why us?

Once your business starts to grow, payroll can quickly become costly and challenging.

This is where Eternal Engagements comes in. With our straightforward, comprehensive payroll processing solution, employers can rest assured that their payroll needs are being attended to expediently and professionally.

And the benefits don’t stop there. Just ask our Sales Director, Dean Rodgers:

“Payroll data offers invaluable insight into your business and resource management approach, increasing efficiency and improving your ability to strategise. Our unparalleled service quality and personalised approach deliver operational excellence through improved workforce visibility, flexible reporting options for efficient data analysis, and a comprehensive understanding of PAYE compliance legislation!”

Benefit Eternally from our payroll consultancy services

You will see multiple measurable benefits from our payroll services. Here is a breakdown of just five:

  • Save Big

Our cost-effective solution helps you save on training and avoid multiple payroll-related expenses.

  • Know-How

Our dedicated specialists know the ins and outs of payroll taxes and the latest government legislation. They are at your disposal for ad hoc advice on day-to-day operations and extensive guidance on long-term organisational issues.

  • Need for Speed

We are experts at what we do, providing quick turnaround when required and ensuring that your employees are paid accurately and on time.

  • Error-Free Guarantee

Payroll errors can be costly, disruptive, and damaging to your reputation. We ensure your compliance and protect you from oversights and penalties.

  • Your Security, Our Priority

Does your business have the resources to monitor your payroll for time and rate abuses or other suspicious activities? We are trained to identify and alert clients to fraudulent activity, including payment manipulation and ‘phantom workers’.

Book a demo with one of our experts to learn how we can transform your business through optimised employee engagement and inspired workplace innovation.