Fenn & Co -Employment Legislation

Accountants, Tax Advisers And Business Consultants

EMPLOYMENT LEGISLATION

Ø Dismissal Procedures

There have been many changes to employment law and regulations in the last few years. A key area is the freedom or lack of freedom to dismiss an employee. An employee’s employment can be terminated at any time but unless the dismissal is fair the employer may be found guilty of unfair dismissal by an Employment Tribunal. We can provide you with professional advice as to the main principles involved concerning the dismissal of employees.

Ø National Minimum Wage

The National Minimum Wage (NMW) was introduced on 1 April 1999. There have already been a number of instances of employers being penalised for not complying with the legislation. The Revenue is the agency that ensures enforcement of the NMW. Enforcement notices can be issued if underpayments are discovered and there can be a fine of £8.40 per worker per day if enforcement notices are not complied with. There could also be a maximum fine of £5,000 for having committed a criminal offence. We can provide you professional advice as to the National Minimum Wage regulations.

Ø Stakeholder And Personal Pensions

A personal pension is a privately funded pension plan. The rules were extensively changed from 6 April 2001 to reflect the introduction of stakeholder pensions. A stakeholder pension is a more tightly regulated personal pension plan particularly over charging levels. If you are an employer, the employer obligations must be complied with. Please talk to us if you are unclear as to whether you are an exempted or non-exempted employer.

Ø Statutory Sick Pay (SSP) And Statutory Maternity Pay (SMP)

SSP and SMP are important regulations to understand as they enforce minimum legal requirements on employers. Each operates in a different way. We can advise you as to the regulations and what an employer needs to consider. These include such matters as who qualifies and how much is payable.

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