The New Financial Year 2019/2020

On 6th April 2019, there are new pay rates, tax codes and pension contributions being implemented.  Some payroll packages may update automatically, others may require you to update the software and the figures, so please check.  The following changes will come in from the 6th April for the new financial year.

Hourly Minimum Wage Rates increase from 6th April 2019.


The 2019/2020 tax code is 1250L for all employees unless you receive a notification from HMRC with a different code.

Workplace Pension Contributions are going up to the following rates:

Our office does payroll administration for a number of farm businesses as well as providing a full, on farm secretarial service to take the hassle out of farm administration.  If you have any queries relating to payroll or any other changes regarding the new financial year, please contact Charlotte at charlottemale@fcgagric.com or your local FCG Office.

Posted in Business Management, Sherborne.