Changes to secondary Class 1 (employers’) National Insurance — reducing the secondary threshold, increasing the rate, and changes to the Employment Allowance As announced at Autumn Budget 2024, the government will introduce legislation to reduce the Class 1 National Insurance contributions secondary threshold, from £9,100 to £5,000 per annum. This will take effect from 6 […]
Read articlePeople have until 5 April 2025 to maximise their State Pension by making voluntary National Insurance contributions to fill any gaps in their NI record between 6 April 2006 and 5 April 2018. More than 10,000 payments worth £12.5 million have been made through the new digital service to boost people’s State Pension since it […]
Read articleNew research from Employment Hero reveals that 84% of 1,000 surveyed UK small business leaders have made payroll errors impacting employee pay and business cash flow. Alarmingly, 40% of these businesses faced penalties, with over a third incurring fines in the thousands (£) due to payroll mistakes. The complexity of recent tax changes including higher […]
Read articleHMRC has updated its guidance on new employees coming to work from abroad in the UK – specifically it has clarified when employees are exempt from National Insurance contributions (NICs). It confirmed that employees from a country outside the European Economic Area and Switzerland, or a country which does not have a Reciprocal Agreement (RA) or Double […]
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