News
MPs urge National Insurance cut for under-25s to tackle youth unemployment
The Work and Pensions Committee said it had received "overwhelming evidence" that higher employer National Insurance rates were reducing employment.
National Insurance
News
Penfold urges workers to check pension setup to improve take-home pay
Chris Eastwood, CEO at Penfold, said: “No budgeting hack will ever come close to the long-term impact of making sure your pension is properly set up."
News
£2,000 cap to salary sacrifice will cut NI savings, warns Penfold
Chris Eastwood said: “Anyone contributing more than £2,000 a year through salary sacrifice will lose NI savings on the excess, and employers will see their NI costs rise accordingly."
Health & Wellbeing
Autumn Budget 2025: Missed opportunity to support workforce wellbeing, say experts
Clare Lusted said: “At a time when employers are looking for ways to support their workforces, more supportive measures would have helped them to do so.”
News
Autumn Budget 2025: Employment Hero warns tax hikes could push firms to cut jobs
The call comes as new survey data revealed widespread concern among small business leaders.
News
Pensions sector prepares for possible tax reforms ahead of Autumn Budget – Penfold
Elements of pension tax relief, salary sacrifice schemes and the long-standing 25% tax-free lump sum could be reviewed as part of an effort to close a £22bn funding gap.
News
Three-quarters of Scottish employers hit by rising National Insurance costs – CIPD
The report highlighed that the impact is being felt most in the hospitality and care sectors, and among employers with a higher proportion of young workers.
News
Businesses absorb NI rise as costs return to pre-hike levels, data reveals
Analysis of over 600 small and medium-sized enterprises (SMEs) showed that by May, employer NI costs dropped back to £40,500.
Business
UK economy shrinks 0.3% in April as legal and support services hit by tax and trade pressures
GDP fell 0.3% in April 2025, with sharp declines in legal, real estate, and technical services activity, according to the latest data from the ONS.
Featured
Wage and NI hikes accelerate shift to digitalisation in logistics and contract packing
Labour cost increases are fuelling demand for digital tools, as firms seek to offset April’s minimum wage and National Insurance changes.
News
SMEs plan pay and recruitment freezes as tax rises drive cost pressures – Premium Credit
Research found 26% planned to limit pay rises, while 19% said they would either not replace staff who leave or stop recruiting.
Compensation & Benefits
One in five UK professionals now working a second job, says Robert Walters
New research from Robert Walters finds 19% of UK professionals have a side hustle, with 30% considering one due to financial pressure and rising costs.