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I still can't work out if my £20k employer contributions are now subject to NI from myCo. It appears that both Employer and Employee NI are being charged; if that's the case, it could be an extra £2000 NI bill....
One false prophet arguing against the followers of another false prophet. This could get interesting, especially if the US fundamentalists start pouring money into Europe to save our souls. The last thing we need is him to become a martyr......
Hidden in the detail is no change to rates but there could be a change to the thresholds.
Drop the income tax threshold
Increase Employee threshold for a a working person for a net zero change
Bring Employer pension contributions/salary sacrifice in scope of Emp NI and...
I suspect that will be the change pension contributions via salary sacrifice/employer contribution will be subject to employee NICs with an increase in either the NIC threashold to take prevent the avg Joe on under 50k from loosing out....
Time to get the calculator out and work out if inside is now better than outside at the current market rates.
I'm assuming the salary sacrifice NI level is calculated based on PAYE salary. It would exclude income from dividends, so anyone operating an efficient div/salary split will pay...
Pay-per-mile appears to be on the cards for EVs to cover the back fuel duty gap that's been created. I would expect fuel duty to increase as well for the fossil fuel variety....
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