Posts Tagged National Insurance

All employers need to be aware that the National Living Wage (NLW) and National Minimum Wage (NMW) rates are increasing on 1‌‌‌ ‌‌April 2026.

The biggest revenue raiser in the Budget was the changes to NICs. The increase in Employers’ NICs (increasing from 13.8% to 15% from April 2025) grabbed many of the headlines. What has been largely overlooked is the reduction in “Secondary Threshold” from £9,100 to £5,000. Allied to the increase in the National Living Wage, the changes will particularly affect those in the care, retail, hospitality and cleaning/maintenance sectors.

All employers need to be aware that the National Living Wage (NLW) and National Minimum Wage (NMW) rates are increasing on 1‌‌‌ ‌‌April 2024. In addition, the National Living Wage will be extended to workers aged 21 and over (previously only for age 23 and over).

In his 2023 Autumn statement the Chancellor’s giveaway came in the form of a cut to National Insurance rather…

Yesterday, Chancellor Jeremy Hunt delivered his Autumn Statement. We have sifted through the details and hope the following highlights, which we feel will be the most significant to our clients, will be helpful.

Our pocket guide to 2023/24 tax rates will help you make sense of all the different areas of tax and how they might affect you. This useful guide outlines the tax rates for the next financial year.

With the government extending the voluntary National Insurance deadline should you be making extra contributions to your pension?

The UK Government has announced the annual increases in National Minimum Wage rates to apply from 1 April 2023.

Chancellor Jeremy Hunt has announced his Autumn Statement outlining measures to address the £55 billion gap in public finances and manage the impending recession. Here are the main points.

What's most tax efficient for Company Directors, a salary or dividends.

On 17 October the new Chancellor reversed almost all the mini-budget announcements made by Kwasi Kwarteng on 23 September.

Following the recent Bank of England interest rate rise, late payment interest rates levied by HMRC have been increased.