Post by johnc on Oct 31, 2024 11:43:17 GMT
Previously only employers who had combined (er's + ee's) annual NI payments of less than £100,000 could get employment allowance (previously £5,000, now £10,500)
The limit of £100,000 has been removed so all employers except those who receive more than half their income from the public sector (dentists, doctors etc) will now get the £10,500 employment allowance. However if you are paying £100K a year in NI you are likely to have a reasonable number of staff, each one of whom will cost a minimum of £615 extra a year without taking into account the extra 1.2% increase in the rate.
The limit of £100,000 has been removed so all employers except those who receive more than half their income from the public sector (dentists, doctors etc) will now get the £10,500 employment allowance. However if you are paying £100K a year in NI you are likely to have a reasonable number of staff, each one of whom will cost a minimum of £615 extra a year without taking into account the extra 1.2% increase in the rate.
