1st Friday
Tax Chat

Only the Young!

Only the Young!

In Budget 2014 the Chancellor pledged further improvements to stimulate growth and employment.

To help with this, from April 2015, employers will no longer need to pay Secondary Class 1 NICs on earnings up to the Upper Earnings Limit  paid to employees under age 21.

 In addition to this, in the Autumn Statement on 3 December 2014, he further announced that from April 2016 employer NICs up to the Upper Earnings Limit will also be abolished for any apprentices aged under 25.

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