Icons

Call us on: 01522 686597

Because every business counts

New state pension and contracted-out NICs Most people will be aware that the state retirement pension system has changed for people who reach state pension age on or after 6 April 2016 - that is men born after 5 April 1951 and women born after 5 April 1953. The full new state pension is currently £159.55 per week, but the…
Change to Class 4 NIC rate reversed   The Government has confirmed that the proposed increase in the rate of Class 4 National Insurance Contributions, paid by the self-employed on profits from a business, will not now take effect from April 2018. The Chancellor of the Exchequer, Philip Hammond, had announced that the rate would rise from 9% to 10%…
Abolition of Class 2 NICs Originally announced at Budget 2016, the 2016 Autumn Statement confirmed that Class 2 National Insurance Contributions (NICs) will be abolished from April 2018, hopefully achieving the desired effect of simplifying National Insurance for the self-employed and making the system fairer for employed and self-employed individuals. At the same time as the abolition of Class 2…
Real living wage increase takes effect   The real living wage rate has increased by 20p per hour to £8.45 an hour (£9.75 in London), which is higher than the UK-wide official National Living Wage for those over 25, currently set at £7.20, while those under 25 must be paid the national minimum wage (NMW). The Living Wage is independently-calculated…
NMW increases take effect New rates for the National Minimum Wage (NMW) took effect from 1 October 2016, and employers must ensure that they implement them accordingly. The rates are as follows: 25 and over - £7.20 per hour; 21- to 24-year-olds - £6.95 an hour; 18- to 20-year-olds - £5.55 an hour; 16- to 17-year-olds £4.00 an hour; and…
<< Start < Prev 1 2 3 4 5 6 7 Next > End >>
Page 1 of 7