National Minimum Wage Increase in April 2024 In November 2023 the Government announced its acceptance of the Low Pay Commission’s recommendations on minimum wage rates to apply from April 2024. The National Minimum wage is the minimum legal amount per hour a business can pay an employee...
Changes in National Insurance contributions rates (NICs) in 2024 In the Autumn Statement the chancellor announced changes to National Insurance. If you use automated payroll software you must ensure your system was updated for the changes, especially the reduction of the National Insurance rate from 12%...
National Insurance number allocation Over the passed 18 months National Insurance numbers have played a key role in helping to claim furlough support for employers. Without one it was initially very difficult to make claims. Why do you have an National Insurance number You have a National...
What is a Tax Code? Your tax code is used by your employer or pension provider to work out how much income tax you will pay from your salary, wages or pension. Your tax depends on how much you earn. Currently the personal tax allowance for...