Green Hat Consulting reposted this
How much is it costing you?🤷♀️ From April 2025, significant changes to Employer National Insurance Contributions will take effect, with a substantial impact on many businesses. In some cases, companies will see an increase of over 100% in their ERNI costs compared to the previous year. Key changes include: 📈The Employer NIC rate will rise from 13.8% to 15%. 📉The Employer NIC Secondary Threshold will decrease from £9,100 to £5,000. 👀As an example employers will incur an additional cost of £615 per year for each employee earning £9,100, plus an extra 1.2% on any earnings above this amount. 🙌A slight saving grace, EA will increase to £10500 Following the announcement of the Autumn Budget, I assessed the impact of these changes. This increase has been incorporated into our 2025/26 budget, and we have made the necessary adjustments to account for these additional costs. It is important that you are aware of how this change may affect your company and take proactive steps to prepare accordingly.