12 Mar 2020

HR Budget Briefing 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.

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Contact Information
Charles Cameron
Partner at Slaughter and May
Padraig Cronin
Partner at Slaughter and May
Phil Linnard
Partner at Slaughter and May
Sandy Maudgil
Partner at Slaughter and May
Daniel Schaffer
Partner at Slaughter and May
Ian Brown
Senior Counsel at Slaughter and May
Rowan Howard
PSL Counsel at Slaughter and May
Clare Fletcher
PSL Counsel at Slaughter and May