Payroll and Pensions Bulletin for April 2024

This document is a Payroll and Pensions Bulletin for April 2024, detailing statutory and regulatory changes that will take effect from this date. It provides an action checklist for employers, outlining necessary tasks and deadlines for compliance. The bulletin includes monthly deadline schedules and specific rates and thresholds for employers for the 2024 to 2025 period. Key sections cover tax thresholds, national insurance rates, and pension contribution rates, including details for different regions within the UK. The document also addresses student loan recovery thresholds and the employment allowance, which allows eligible employers to reduce their National Insurance contributions. Furthermore, it highlights the national minimum wage changes and provides guidance on the completion of payroll documentation, including the Teachers’ Pensions End of Year Certificate. Employers are encouraged to review the new rates and ensure all payroll processes are updated accordingly.