Tax - National Insurance

Recently added Tips & Advice

BUDGET - 19.03.2024

How does the Budget impact clients?

Following on from January’s reduction in Class 1 NI, the 2024 Spring Budget continued to focus on individual taxpayers. What were the highlights for your clients?
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NATIONAL INSURANCE - 18.03.2024

What’s the NI cut really worth?

Headline figure. The big news in the Budget was another reduction (following that in January 2024) in the NI rate for employees; but sadly nothing for employers. For paydays on or after 6 April 2024, most employees will pay 8% instead of 10% NI on their “band earnings”. ...
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NATIONAL INSURANCE - 27.02.2024

Avoiding problems with directors’ NI following rate cut

The reduced primary Class 1 rate of 10% is now in effect. With just weeks left until the end of the 2023/24 tax year, what should you advise directors to pay for the year?
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NATIONAL INSURANCE - 20.02.2024

Are you missing out on the employment allowance?

The employment allowance (EA) can save you thousands a year by reducing your NI contributions bill. The trouble is that the EA is subject to tricky conditions. So when are you entitled to the EA and how do you claim it?
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NATIONAL INSURANCE - 20.02.2024

Adding to your state pension while abroad

NI contributions. Changes to the rules mean that you may be entitled to pay voluntary Class 2 or Class 3 NI contributions for periods spent abroad. These will count towards your entitlement to a UK state pension. Conditions. You must have lived in an EU country, Iceland, Liechtenstein, Norway, Switzerland or Turkey for three consecutive years, or paid three years of social security contributions in one or more of those countries. You must also at some time have paid either Class 1 NI or Class 2 NI (see The next step ). ...
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NATIONAL INSURANCE - 20.02.2024

Getting directors’ NI contributions right for 2023/24

The end of the tax year is just a few weeks away. As an employer you’ll need to carry out the usual payroll year-end routines. However, if your business operates through a company there’s an extra step that might be required. What is it?
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Tax - National Insurance

Most read Tips & Advice

NATIONAL INSURANCE - 20.02.2024

Getting directors’ NI contributions right for 2023/24

The end of the tax year is just a few weeks away. As an employer you’ll need to carry out the usual payroll year-end routines. However, if your business operates through a company there’s an extra step that might be required. What is it?
Read more

NATIONAL INSURANCE - 20.02.2024

Are you missing out on the employment allowance?

The employment allowance (EA) can save you thousands a year by reducing your NI contributions bill. The trouble is that the EA is subject to tricky conditions. So when are you entitled to the EA and how do you claim it?
Read more

NATIONAL INSURANCE - 02.01.2024

NI rate cuts: practical implications

What do the NI rate cut changes mean for clients - employed and self-employed - and what action do they need to take, if any, in response?
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