October 26th 2024 8:02 pm

Written by Robert Perkins

home :: tax news :: uk budget

Budget 2024 Employers' National Insurance Calculator

Employers' NIC rises 1.2 percent to 15 percent and threshold cut by over £4,000. Calculate how this could affect your business now.

Chancellor Rachel Reeves was predicted to increase Employers' National Insurance Contributions in this Wednesday's Autumn Budget.

These changes have now been confirmed in today's Budget. Employers' NIC rate rises to 15 percent and the Secondary Threshold drops by £4,100 to £5,000 from April 2025.

The Chancellor also announced an increase to the Employment Allowance (a discount on the employer's NIC bill). This now gives a £10,500 cut to the total NIC bill for the employer as long as the bill last year was less than £100,000.

Use this calculator to see how any potential changes would affect your NIC bill.

See more articles from October 2024

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