Student Loan Repayment Plan 4

Starting from 6th April 2021, the Government will be releasing a new Student Loan repayment plan for people on Scottish Student loans (SSL). The Student Loan Plan 01 which is currently used for Scottish SL repayment will be replaced with the SL Plan 04. Under the 04 plan, Scottish SL…

Pension Schemes Bill receives Royal Assent

On 11th February 2021, the Pension Schemes Bill received Royal Assent, thus becoming the Pension Schemes Act 2021. The Act covers a variety of modifications strengthening and expanding the powers of The Pensions Regulator (TPR) and in this form enhancing protections for pension saver. With the new Act, new sentences…

Frontier Worker permit

A frontier worker is an EU (EEA) or Swiss citizen who is employed or self-employed in the UK but is a resident elsewhere. Frontier workers who were working in the UK on or before 31st December 2020 can still enter the UK for work. However, they must hold a frontier worker…

Bounce Back Loan repayment benefits

Due to the Covid-19 pandemic, a decision was made by the HMRC to extend/expand the loan repayment plan for the return of funds. The government has announced a package of measures under its Pay as You Grow scheme for businesses that took out Bounce Back Loans. For those who are…

Can directors furlough themselves under CJRS?

The short answer is yes. As office holders, salaried company directors are eligible to be furloughed and receive support through this scheme. While on full-time furlough, directors can still fulfil their statutory obligations toward the company, however, they can do so provided they do no more than reasonably necessary for…

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