Major National Insurance changes are coming into effect from 6 April 2025. Whether you’re an employer, employee, or self-employed, these updates will impact your financial responsibilities. As experts in UK accounting services, we at Khoob Accountancy help you stay ahead of these changes.
For Employers
- Secondary Threshold lowered to £96/week, £417/month, or £5,000/year.
- Contribution rate increase from 13.8% to 15%.
- More part-time workers may now require NI payments.
- Employment Allowance increases to £10,500.
- Eligibility expands to larger employers (excluding single-director companies).
- Class 1A and 1B contributions also rise to 15%.
Our virtual accounting office can help you plan your payroll strategy effectively. Contact our accountants in Kensington for support.
For Employees
- Primary threshold remains £242/week or £12,570/year.
- Upper earnings limit stays at £50,270/year.
- Main NI rate remains at 8% and additional rate at 2%.
- Lower earnings limit increased to £125/week, securing state pension credits.
For the Self-Employed
- Class 4 contributions continue at 6% (main) and 2% (additional).
- Lower profits limit: £12,570. Upper limit remains at £50,270.
- Small profits threshold: rises to £6,845 for credit qualification.
- Voluntary Class 2 rate: £3.50/week.
- Voluntary Class 3 rate: £17.75/week for NI record gaps.
If you’re a French accountant in London or manage international clients, keeping up with local compliance like this is essential. Let us help manage your bookkeeping, Payroll TAX, and more.
Final Thoughts
From new thresholds to higher contribution rates, these changes can significantly affect your payroll and accounting. Our bookkeeping services and UK accounting services are designed to support you.
Ready to plan ahead for April 2025? Contact Khoob Accountancy today for expert financial guidance tailored to your business.
