Payroll costs are about to increase with the following changes shortly coming into effect:
NICs will increase by 1.25% from 6 April 2022
National Minimum Wage increase from 1 April 2022 as shown in the table below:
Although this means increased costs for employers, it is worth planning ahead to find ways to mitigate against or absorb the costs. If you would like to discuss your specific circumstances, please don't hesitate to speak to a member of our team as we are always more than happy to provide you with assistance or any additional information required. We also offer a full payroll service to manage payroll processing and pension schemes. Please contact us if you would like to know more.