Bullet points from my application which just went through (phew - hooray for
backdated pay!)
This week, Spurs published their latest financial accounts, which revealed that Daniel Levy was the Premier League's best - paid chairman, earning # 6 million last season (this includes
a backdated pay rise and bonus after a remuneration committee review and is not his annual salary.)
The Scottish Executive's decision to
backdate the pay award for officers in Scotland has piled further pressure on the government.
Sir Ian Blair, the Metropolitan police commissioner, has also said it was a «mistake» not to
backdate the pay award.
Not exact matches
Moreover, several legal and
pay experts wonder at what seems to be a different standard in how Apple is dealing with its most valuable employee when other CEOs are being pushed out for similar or less obvious involvement in
backdating.
As for the
backdated checks that Paterson wrote to cover the costs of the two tickets he secured for his son and his son's friend (at $ 425 a pop; recall that the governor never
paid for his own ticket, arguing he attended the game in a professional capacity), Kaye failed to find evidence of falsification and therefore is not recommending any criminal charges.
Public outrage ensued after it emerged last month Google and HMRC reached an agreement that saw the American firm
pay # 130m in
backdated tax since 2005.
After Google announced this weekend that it would
pay # 130m in
backdated tax since 2005, George Osborne hailed the deal as a «major success» for the government.
«
Backdating is fraudulent because it has an element of unearned salary and it is not only unearned salary, we must remember that Government
pays 13 percent as employee's contribution to the social security on your behalf.»
The independent Police Arbitration Tribunal said the 2.5 per cent
pay rise should be
backdated to September, but only officers in Scotland have been able to claim the full award.
The Home Office has refused to
backdate a 2.5 per cent
pay rise to September, in a move officers claim diminishes the value of the award to 1.9 per cent.
Teachers in sixth form colleges in England will get a
pay rise of up to 2 %,
backdated to September 2017, following negotiations between the National Education Union (NEU) and the Sixth Form Colleges Association (SFCA).
You may even be able to claim
backdated housing benefit and it may be possible to seek a postponed possession order, which means you will not have to leave your home providing you
pay a specified amount as ordered by the court.
This week a BC Supreme Court judgement confirmed this principle ordering the insurer to
pay years of
backdated benefits.
Before
backdating a policy, evaluate carefully to ensure that the total savings in premium over the policy tenure is more than the extra premium
paid for the
backdated period.
This means your premiums will
backdate to a previous date (you'll need to
pay the lump - sum for the back - dated period) but you will be
paying future premiums at a lower price.
Backdating comes very useful if you are one of those taxpayers who are looking to buy a life insurance policy to exhaust the section 80C limit on this year and start
paying the premium on a monthly / quarterly basis from the next year.
Tempted by the lower rates, the buyer opts for
backdating and ends up
paying extra premium for the back - dated period which totally goes waste.
This will ensure that you don't end up
paying a higher
backdating interest.
Backdating provides you the option of
paying lower premium by altering the policy start date and selecting the one which gives you better premium rates.
Whereas, with term insurance plan the coverage tenure for the
backdated period goes waste although an individual is required to
pay the defined premium for the term.
So, before going for
backdating, one has to make sure that the total savings in premiums over the life of the policy is more than the extra premium
paid for the
backdated period.
Even if the difference is only $ 100 a year on a 30 year term insurance policy and you you have to
pay $ 200 to
backdate, over the life of the policy you save $ 3000.
You will need to
pay some premiums starting from the new
backdated date but it will impact all your future premiums.
This is a one month internship on an expenses basis; then your performance and
pay will be reviewed - if you are taken on permanently your
pay will be most likely be
backdated to cover the internship period.
[227] In addition the Government announced on 25 May 2010 that it had started to
pay rent to Aboriginal land owners in 45 of the 64 communities subject to five - year leases and that rent will be
backdated to the commencement of the leases in 2007.