Call us today

Employers cash in with £2,000 NICs saving

Get in touch today - call Kent on 01634 570 390 or Surrey on 01737 370 493

Book a FREE consultation

If you would like to get some impartial advice, simply book a free consultation and we'll get in touch with you as soon as we can.

Employers cash in with £2,000 NICs saving

New government data has shown that almost a million employers are benefiting from a £2,000 cut in their annual national insurance contributions (NICs) bill.

Figures released on 31 July revealed that 725,000 UK business and charity employers have claimed the Employment Allowance.

HM Revenue & Customs says that more than half of all eligible businesses have claimed the allowance since it was introduced in April this year, resulting in them receiving around £500 million of employer NICs relief.

The Employment Allowance is a reduction in class 1 NICs that an employer pays for their employees, and is worth up to £2,000 a year for eligible businesses and charities.

When the initiative was announced, the government said around 1.2 million organisations could benefit.

More than 90 per cent of those to benefit from the Employment Allowance will be smaller businesses, taking around 450,000 employers out of paying class 1 secondary NICs altogether.

Link: Information on the Employment Allowance


Urgent COVID-19 Notice
Working From Home

Our first priority is the health and well-being of our team and our community. Therefore, with a heavy heart we have made the decision to temporarily work from home with immediate effect.

We are listening to the government’s daily updates, taking each day as it comes, and will reopen our offices as soon as it is safe to do so.

If you have any questions or need to discuss any issues at all please do email or call us on our usual number 01634 570 390.

The general email is

We hope everyone is keeping well and staying safe.

This website uses cookies to enhance your browsing experience... moregot it