Employers NICs Increase - Contractor UK Bulletin Board

Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!

You are not logged in or you do not have permission to access this page. This could be due to one of several reasons:

You are not logged in. If you are already registered, fill in the form below to log in, or follow the "Sign Up" link to register a new account.
You may not have sufficient privileges to access this page. Are you trying to edit someone else's post, access administrative features or some other privileged system?
If you are trying to post, the administrator may have disabled your account, or it may be awaiting activation.

lucyclarityumbrella replied

25 February 2025, 11:21
Apologies to the mods for breaking the last one - note to self do not add any kind of grammar to a title!
Leave a comment:
lucyclarityumbrella started a topic Employers NICs Increase

25 February 2025, 11:18
Employers NICs Increase

For those who are working via an umbrella company, it might be worth being aware that as of 6th April 2025, the ERs NICs will increase from 13.8% of your taxable salary to 15%, not only that but the threshold at which this kicks in has been lowered - a double whammy for contractor.

So for those of you who may be able to negotiate a rate increase, you should be looking at around a 1.7% increase on your rate to cover this legislative change.

Hopefully this is useful for you all even if not for now, maybe at extension point?
Tags: None

Working...

X