4. EMPLOYMENT ALLOWANCE FOR NATIONAL INSURANCE
From 6 April 2014, eligible employers, who pay Class 1 National Insurance Contributions (NICs) on their employees and directors’ earnings can reduce the amount of NICs they pay by up to £2,000. This is called the “Employment Allowance”.
If you are a small employer that pays less than £2,000 a year NICs, you may not be required to pay contributions at all.
The Government considers that up to 1.25 million small organisations will benefit from Employment Allowance.
To find out more information, please contact a member of the team.