by James Hellyer | Nov 8, 2024 | Budget, National Insurance, PAYE
The upcoming increase in employer National Insurance Contributions (NICs) in the UK, set to rise from 13.8% to 15% from 6 April 2025, along with the reduction of the secondary threshold from £9,100 to £5,000, will significantly impact business costs. To mitigate these...
by James Hellyer | Nov 8, 2024 | Budget, National Insurance, PAYE
The proposed increases to the UK National Minimum Wage (NMW) and National Living Wage (NLW) set for April 2025 are expected to impact employers and employees significantly. Here’s how various sectors might feel these changes: Financial Pressures on Employers: With the...
by James Hellyer | Nov 8, 2024 | Budget
In this post we have outlined a few tax planning options that readers may want to consider following the October Budget changes. Capital Gains Tax Landlords will be relieved that the higher residential rate will remain at 24% until at least 5 April 2026. However,...
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