National Insurance (NIC)
|From April 2019 the National Living Wage rates are:
|For a full time worker aged 25 and over, the increase to £8.21 from April 2019 equates to being approximately £690 better off each year.|
|From April 2020 the Government will restrict Employment Allowance to businesses and charities with an employer NIC bill of under £100,000 to support smaller businesses.|
|As previously announced in September, the Government will not abolish Class 2 NIC during this Parliament.|
If you have any questions on payroll matters our specialists are on hand to help, give them a call on 01228 711888.