Salary sacrifice pension perks and Benefits in Kind face cuts in upcoming Autumn Budget
Employers said that removing NIC exemptions would likely affect staff morale, but a cap would be easier to explain to employees.
2024 group risk market growth lags behind previous years – Swiss Re
The report from Swiss Re showed that the number of in-force group risk policies increased by 3.2% from 91,739 in 2023 to 94,675 in 2024.
Hospitality sector sees 16.9% rise in revenue-based finance applications in 2024
Data from 365 Finance revealed that approved advances to the hospitality sector rose by 20.6% last year compared to the previous year.
Majority of SMEs to adjust employee benefits amid NIC increase – Canada Life
The survey found that 61% of companies intended to modify their approach to insurance-based benefits to cut costs.
Nine in 10 workers unhappy with pay as it does not meet their needs, Payfit finds
The discontent came as employees reportedly work longer hours than their European counterparts, while almost a third of workers wished their pay better reflected the work.
PAYE and NICs receipts rise by £12.6bn between April 2024 and February 2025 – HMRC
Self Assessment Income Tax, Capital Gains Tax and NIC receipts for the same period are £62.4bn, up £3.8bn from a year earlier.
Maximising pension contributions via salary sacrifice could help balance NI hikes – Hymans Robertson
The firm said employers should seriously consider implementing this change which benefits both employers and staff.
Over 300,000 SMEs to cut jobs to cope with National Insurance hike, survey finds
The survey by iwoca found that 22% of SME leaders said they will reduce company headcount to cope with the hike.
Employers urged to raise awareness of state pension deadline – Hymans Robertson
Filling gaps in National Insurance Contributions (NIC) records dating back to 2006 could significantly boost state pension incomes.
National Insurance hike threatens Age UK services for vulnerable older people
Some essential Age UK services will be forced to scale down or close as a result of the Government’s decision to increase Employer NICs.
UKHospitality calls on the Government to delay NICs changes
UKHospitality is calling on the Government delay changes to employer NICS, as they could cost the hospitality industry £1bn.
Half of retail CFOs plan workforce cuts as rising costs bite, BRC survey reveals
Over half of CFOs in the retail sector plan to reduce workforce hours, overtime, and headcount according to a survey conducted by the BRC.
