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How Higher Minimum Wage Rates and Budget Changes Will Affect Small Businesses and Take-Home Pay

The Autumn Budget 2024 has introduced several measures aimed at improving wages and employee welfare, including significant increases to the National Minimum Wage (NMW) and changes to National Insurance contributions. While these measures aim to benefit employees and improve disposable income, they also bring new challenges for employers—particularly small businesses. Here’s a breakdown of how these changes will impact both employers and employees, and some strategies to manage these transitions effectively.

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Implications of Pension Changes in the 2024 Budget: What You Need to Know

The 2024 Autumn Budget introduced significant changes to pension rules, marking a shift in how inherited pension pots are taxed. These changes could have substantial implications for retirees, pension savers, and those engaged in estate planning. Here’s what you need to know about the new measures and how they could affect your long-term financial plans.

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