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and other number related thoughts

Moving accountants could seem like a really daunting prospect - however it's easier than you think!

From April 2022, your take home pay will likely reduce because of a new tax called The Health and Social Care Levy. This is being done through an increase in National Insurance Contributions for the next tax year.

So you heard the government announce the change to National Insurance contributions (NICs) from April 2022, but what does this actually mean to you?

For the millions of employed people in the UK (31.2 million in the three months to April 2021), their tax code is an important piece of information - defining how much you are allowed to earn without paying tax for the year, so it’s important that it’s right, but how do you tell? If it’s wrong you could end up overpaying tax or worst still underpaying and having an unexpected tax bill later on.

Pension Re-enrolment

We’ve had a lot of queries over the last few months regarding pension re-enrolment – usually a simple enough process but we’ve found people are slightly confused as to when to do it!

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