The new tax year is fast approaching, and subject to the government’s National Insurance Contributions bill receiving the final royal assent, we will have a new rate of employers National Insurance Contributions (“NIC”) of 15% taking effect for payroll periods commencing April 2025.
In this article, we take a closer look at five potential actions employers could undertake to mitigate the effects of this increase.
Click through to each section to read more:
- Reduce Your National Insurance Bill: Implement Pension Salary Sacrifice
- Reduce Your National Insurance Bill: HMRC’s Latest Car Allowance Guidance
- Reduce Your National Insurance Bill: Review Your Company Car Fleet
- Reduce Your National Insurance Bill: Reviewing Employee Reward Packages -Smarter Benefits, Lower Costs
- Double Cab Pick-Ups – Tax Changes from April 2025
For more information, please contact Kyle Newton, Tax Partner.