At the October 2024 budget Rachel Reeves announced 4 key changes that will increase your costs for employing people.

👁️National living wage increases
👁️Increase in employers NI from 13.8 % to 15%
👁️NI threshold has been lowered from £9,100 to £5,000 (the rate at which employers NI kicks in)
👁️Employment allowance increase from £5,000 to £10,5000

Download our free excel calculator to work out what the impact to your business will be. 

It's easy to use, you just need to enter the annual salary for your employees.