How the Autumn Statement will impact employee benefits

Chancellor George Osborne (pictured) presented the Autumn Statement on 5 December.

 

Here is how it will impact employee benefits:

Share scheme limits to increase

Rise in state pension age brought forward

OTS to implement nine quick wins on employee benefits

Government to extend tax exemption on employer-paid healthcare

Fuel duty increase cancelled

Tax exemption on bonuses under employee ownership

Government to pilot public sector pay cost control

Basic state pension to increase by £2.95 a week

Employer national insurance contributions for under-21s to be abolished

 

On 10 December, HM Revenue and Customs (HMRC) and HM Treasury published their overview of legislation in draft for the Finance Bill 2014.