Reduce your National Insurance Contributions by £2,000 a year

From the 6 April 2014, the introduction of the Employment Allowance could reduce your employer’s Class 1 National Insurance Contributions by up to £2,000 every tax year.

Almost every employer who is a business or charity that pays employer Class 1 NICs on their employee’s or director’s earnings will be eligible

HM Revenue and Customs claim that up to 1.25 million businesses and charities will benefit from the Employment Allowance and around 450,000 will not have to pay any Class 1 NICs at all in 2014-15.

For more information and to check your eligibility please do not hesitate to contact Hooper & Co.