payroll & Pension

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Our weekly & monthly payroll services ensure your employees receive on time their payslips and payments. We use the latest software and technology to handle all your payroll needs, so you can focus on growing your business.

Our tax advisory services help you minimize your tax liability and take advantage of tax-saving opportunities. We have extensive experience working with businesses of all sizes and industries. awe can claim your businesses's employer allowance of £5,000 each financial year to help you with HMRC employer NIC payments.

A pension is income that you receive when you stop working or have reached a certain age. You can accrue pension through your employer or a personal pension product. If you live in the United Kingdom you also build up entitlement to state pension. Upon retiring, you receive pension until your death.

You can get tax relief on private pension contributions worth up to 100% of your annual earnings.

You’ll either get the tax relief automatically, or you’ll have to claim it yourself. It depends on the type of pension scheme you’re in, and the rate of Income Tax you pay.

There are two kinds of pension schemes where you get relief automatically. Either:

• your employer takes workplace pension contributions out of your pay before deducting Income Tax
• your pension provider claims tax relief from the government at the basic 20% rate and adds it to your pension pot (‘relief at source’)

Our payroll processing services help you save time and money by handling all aspects of payroll management. From calculating employee wages to filing payroll taxes, we've got you covered.

Your annual allowance is the most you can save in your pension pots in a tax year (6 April to 5 April) before you have to pay tax.

You’ll only pay tax if you go above the annual allowance. This is £60,000 this tax year.

The current lifetime allowance is £1,073,100.

The rate of the tax you pay on pension savings above the lifetime allowance depends on how the money is paid to you and when you took your pension savings.

If you took your pension before 6 April 2023, the rate is:

• 55% if you get it as a lump sum
• 25% if you get it any other way, for example pension payments or cash withdrawals