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Did You Know About The Changes To Nic's From 6 April 2015?

Discussion in 'Keeping it Legal' started by barryhynd, Oct 25, 2014.

  1. barryhynd

    barryhynd Founder
    Staff Member

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    • From the 6 April 2015, employers will not have to pay the employers Class 1 secondary National Insurance contributions (NICs) for employees under the age of 21. The rate will be 0% for these employees up to the equivalent of the new ‘Upper Secondary Threshold’ (UST).
    • New category letters will be introduced in April 2015 to help support this change.
    • It is therefore important that you make sure you hold the correct date of birth for employees.
    • More information will be sent our nearer the time.
    • Look at our e-learning Becoming an Employer for more information on employing staff.
     
    caxyxn likes this.
  2. This is important for us, so thank you for posting. A lot of our lads are quite young so I will make sure we have the right DOB on file for all of them.
     
    barryhynd likes this.
  3. barryhynd

    barryhynd Founder
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    I think anything that encourages employers to take on younger people can only be a good thing.

    I see a lot of younger people where I live a bit disillusioned about their job prospects so hopefully this will help kickstart a bit of a change in fortune.
     
    cruzo likes this.
  4. Yes as for me I always wanter to have own business, working for somebody else makes me feel like in cell