Essential Updates for Employers: Winter 2025
10 February 2025
Key Updates from the Autumn Budget
The Autumn Budget, announced on 30th October, introduced several changes for employers, effective April 2025 – the following are ones which we know will affect you:
-
Employers’ NIC rate will rise to 15%.
-
The secondary threshold will reduce to £5,000.
-
The Employment Allowance increases to £10,500, alongside changes to eligibility thresholds.
-
National Living Wage and National Minimum Wage will increase.
Upcoming Changes and Reminders
-
Tax Code and Student Loan Notices: employers can now choose to receive these digitally via PAYE accounts.
-
Payrolling Benefits: Starting April 2026, payrolling benefits in kind will become mandatory. We are already prepared for our clients and our systems are updated.
If you would like further details on how this will impact your business, please reach out to your Controller, and if you are not a client as yet, please do reach out here:
Whether it’s payroll, compliance, or operational adjustments, our team is here to support you.
Let’s navigate these changes together. Get in touch today
This post is intended to inform, not advise. For tailored guidance specific to your business, contact us directly.