As we’re sure you’re all aware, our recent change in government resulted in some changes to employee and employer National Insurance (NI) contributions…
In summary, back in April 2024, NI was reduced for employees and the self-employed. This reduction saw the rate fall from 10% to down to 8%. It had already previously been reduced from 12% to 10% by the Conservative government in January 2024.
When it comes to employer contributions however, the new Labour government has planned increases that will come into effect from April 2025. The employer NI contribution rate will increase from 13.8% to 15%. In addition to this increased rate, the threshold at which employer NI contributions apply will drop from £9,100 / annum to £5,000 / annum.
The Chancellor’s announcement regarding these changes has caused a lot of confusion for employers who are struggling to navigate their way through these changes and calculate exactly what the employer contribution increase will mean for their business.
That’s where we come in!
Don’t lose sleep crunching NI numbers…
Utilise our FREE NI calculation service instead…
Here at Ellacott Morris we’re offering all our clients a FREE NI calculation service to assist with tax planning. This is a complimentary service available to all our clients and one we’re happy to be able to offer in response to the many calls and emails we’ve received from clients who are finding these changes quite daunting.
At every opportunity we look to add value to the services we offer and support our clients in any way we can. We have always prided ourselves on our ‘wider’ approach to accountancy, working in partnership with our clients for the greater good of their commercial success.
Our FREE NI calculation service is something we know will assist many clients, reducing the stress of their tax planning.
So, all you have to do is contact your Ellacott Morris account manager and request they calculate your post-April 2025 employer NI contributions on your behalf. It really is as simple as that… No cost – just a free calculation service.