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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75% of Workers Today Plan to Have a Job in Retirement. Here's Why You Should, Too.
A significant motivation for retirement is to cease working, especially for those who have endured stressful jobs over the years. However, a recent survey by the Employee Benefit Research Institute reveals that 75% of workers are considering continuing to work during retirement, suggesting it may offer various benefits. Embracing a job in retirement could enhance financial stability and personal fulfillment, making it a worthwhile option for many retirees. Full Article
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