NIC Threshold Rise With the 2020/21 tax year starting on 6th April 2020 we see the NIC threshold rise to £9,500. The personal allowance is set to stay at £12,500. This will result in a cut of £104 for the average full time worker and a cut of £78 for the average self-employed worker. Hourly … Read more
If you are an employer, you need to take account of the new levels of the National Minimum Wage increase coming into effect on 1st April, 2020. The hourly rate for the minimum wage depends on your age and whether you’re an apprentice. The minimum wage increases each April. To qualify you must: Be school … Read more
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