12 Mar 2020
Whilst the Government’s proposed response to coronavirus may have grabbed most of the immediate headlines, the UK 2020 Budget also included a number of other significant changes affecting employees’ pay and pension arrangements. In this remuneration-focussed bulletin, we have highlighted the key amendments for employers to consider from an HR perspective.
Significantly, the 2020 Budget included proposals affecting the vast majority of employers, notably material amendments to the current pension regime and the taxation of some employees’ share awards. The Government will provide more detail on its intended approach when it publishes Finance Bill 2020 next week.
This material is provided for general information only. It does not constitute legal or other professional advice.
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