Month: July 2019

To check you are using Sage 50cloud Payroll V25 go to Help and then click About.  Then under program details check your version number is v25.00.179 or above

New Features in Sage 50cloud Payroll V25 include

New Legislation for the tax year – The Sage 50cloud Payroll includes the relevant legislation for the tax year 2019/2020.

Postgraduate Loans – This is the new type of student loan introduced from the 6th April 2019.

Automatic Enrolment Phasing – The minimum pension contributions that you and your employee pay into your pension scheme are increasing again from April 2019.  If you are using the Pension Module, the new rates will be included in this update.

Disguised remuneration – If you are in a disguised remuneration scheme, you can record a notional payment to record the loan charge.

Salary Payments – Sage have teamed up with Modulr to provide an even better Salary Payment option, making it quicker, easier and more secure to pay your employees.

Serious ill-health lump sum – If you are running a pension PAYE Scheme and a member is suffering from serious ill-health then, provided certain conditions are met, they may be entitled to their entire benefit entitlement as a lump sum.

Company Cars and Optional Remuneration Arrangements (OpRA) – There are two fields in the employee record on the Cars/Fuel tab.  Cash Foregone (Car) and Cash Foregone (Fuel) these fields relate to Optional Remuneration Arrangements (OpRA).

If you would like more details of what Sage Payroll can do for you or a demonstration or to order the program please contact us

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