07/02/2025
Still getting to grips with the National Insurance changes in the latest Budget?
Here’s a quick breakdown of what’s coming in April 2025:
🔸 Employer NI Rates: Increasing from 13.8% to 15%.
🔸 Lower Earnings Threshold: NI contributions start at £5,000 (down from £9,100).
🔸 Boosted Employment Allowance: Doubling to £10,500 to support smaller businesses.
What does this mean for you?
➡️ Higher Costs for Employers.
➡️ Potential savings for smaller businesses.
➡️ Recruitment challenges due to increased costs.
Now’s the time to plan. Want more insights? Check out our latest blog and sign up for our newsletter! https://www.jmbaccounting.co.uk/