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What’s changing with employers’ National Insurance – and how will it impact you?

17 January 2025
in Business
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What’s changing with employers’ National Insurance – and how will it impact you?
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The Autumn Budget announced a controversial increase in employers’ National Insurance contributions from 13.8% to 15% starting April 2025, with the threshold decreasing from £9,100 to £5,000 per year. This move, aimed at raising £25 billion annually by 2029/30, has faced criticism for potentially leading to limited pay rises, more redundancies, and higher inflation, impacting the economy negatively. To mitigate the impact on small businesses, Labour plans to expand tax relief measures, including increasing the employment allowance to £10,500 per year and removing the £100,000 threshold.

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Tags: changingEmployersImpactInsuranceNationalWhats
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