Increasing Employers National Insurance Contributions
National Insurance Contributions (NICs) are the UK’s second-biggest tax and are anticipated to raise nearly £170 billion in 2024-25 (the Institute of Fiscal Studies, 2025). On 6 April 2025, the ‘Secondary Class 1’ employer’s national insurance contributions will rise from 13.8% to 15%, and the threshold at which it is paid was reduced to £5,000 […]
Increasing Employers National Insurance Contributions Read More »
National Insurance Contributions (NICs) are the UK’s second-biggest tax and are anticipated to raise nearly £170 billion in 2024-25 (the Institute of Fiscal Studies, 2025). On 6 April 2025, the ‘Secondary Class 1’ employer’s national insurance contributions will rise from 13.8% to 15%, and the threshold at which it is paid was reduced to £5,000