Median pay rise for autumn 2024 declined to 3.3%, according to Brightmine, as national insurance change begins to have an impact.
Tax
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The hospitality industry is calling for the government to delay plans to increase employers’ national insurance contributions (NICs).
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The case brings into sharp focus the complexity of employment status – something that the Labour government has promised to simplify.
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More than half of private sector employers plan to raise prices to help offset tax increases, according to the British Chambers of Commerce.
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The cost of employing low-wage workers will hit a record high in 2025, according to analysis by the Centre for Policy Studies.
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Rachel Reeves will today announce plans to create pension ‘megafunds’ aimed at unlocking £80bn of investment, as business disquiet grows over Budget costs on employers.Â
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More sectors warn of the threat to business following the chancellor’s budget increase to employers’ costs.
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Uncertainty around Budget accelerates long-running negative trend in recruitment activity as businesses put hiring plans on hold.
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Ministers have put forward proposals to prevent employee trusts being used for tax purposes rather than for the benefit of employees.
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Chancellor Rachel Reeves has confirmed there will be a rise in employers’ national insurance contributions to 15%, a lower figure...
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The government has confirmed plans to mandate the real-time reporting of most benefits in kind (BiKs) via payroll software starting in April 2026.
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The government will introduce legislation to change who has responsibility for tax and national insurance liabilities when an employee uses an umbrella company.
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From bus fares to the term ‘working people’ to national insurance rates, speculation around tomorrow’s Budget has reached fever pitch.
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Plan to increase employers’ national insurance could lead to a salary sacrifice crackdown as chancellor aims to protect tax revenue.
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With the Treasury reportedly considering an increase in National Insurance contributions for employers in the upcoming Budget, what does this mean for HR?