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Gender pay gap won’t close until 2117

The gap in pay between men and women could take 100 years to close, according to a campaign group.

10 November marks the day when a female on an average wage essentially stops being paid in comparison to their male counterparts.

The Fawcett Society said this date has remained unchanged for the last 3 years, demonstrating stalled progress in closing the gender pay gap.

It also claimed that if the mean average pay gap for full-time workers continues to close at the rate it has over the last 5 years, it won't reach equality until the year 2117.

Sam Smethers, chief executive of The Fawcett Society, said:

"The pay gap is widest for older women as it grows over our working lives but we are now seeing a widening of the pay gap for younger women too, which suggests we are going backwards."

Gender pay gap reporting is a legal requirement for employers with 250 or more employees.

Eligible employers need to publish statutory calculations on an annual basis showing the pay gap differences between male and female employees.

The following 4 figures must be reported on an annual basis:

  • gender pay gap - mean and median averages
  • gender bonus gap - mean and median averages
  • proportion of men and women receiving bonuses
  • proportion of men and women in each group from lowest to highest pay.

Employers must then publish the results on their own site and on the government's website.

Contact us to discuss your reporting obligations.

Why Clients Choose Easy Accountancy

Easy Accountancy offers a low cost, fixed fee accountancy package with all clients receiving their own dedicated, friendly, approachable accountant.

All of our accountants specialise in providing accountancy services to the self-employed, freelancers, sole traders, small to medium sized limited companies and private individuals. All accountants are employees of Easy Accountancy and we never outsource or offshore work.

Our low cost, all-inclusive fixed-fee accountancy service includes unlimited access to your own dedicated accountant throughout the year and covers all your business and personal tax affairs needs.

All our accountancy services include:
  - Unlimited access to your accountant
  - Ongoing advice on how to manage your business
  - Proactive tax advice throughout the year
  - Updates and reminders so you'll never miss a deadline
  - Free bookkeeping software

As a sole trader our fees start at just £60 + VAT a month, for this you receive the above plus:
  - Completion of your Self-Assessment tax return
  - Advice on how much Income Tax to pay
  - Guidance on National Insurance contributions

As a limited company our fixed fee packages are bespoke to your needs, however typically you’ll receive the above, plus:
  - Completion of your year end accounts*
  - Completion and submission of your annual return Companies House
  - The director/s Self Assessment tax return
  - Payroll bureau
  - Dividends and corporation tax computations

We’ve saved our clients up to half on their accountancy bills – if you’d like a quote, click on the quote me button to the right of this page. Alternatively, call us on 01442 275767 or email newbusiness@easyaccountancy.co.uk.

*If you would like us to complete your company year end accounts we simply ask that you have been a client of Easy Accountancy for one year or have made 12 monthly payments.