How Labour’s hefty National Insurance hike coming in days affects YOU from price of a pint to pension pots
LABOUR’S hefty employer National Insurance hike is coming in days – we explain what it means for you.
From April 6, businesses will have to pay a higher rate of employer National Insurance contributions (NICs) of 15% from 13.8%.
The increase in employer National Insurance contributions is taking effect in daysThe threshold at which they are paid is also being lowered from £9,100 to £5,000.
The Government confirmed it was making the changes in its Autumn Budget last October in a bid to increase revenue.