12 March 2014 by Crystal HR & Payroll Ltd
The government has introduced an online calculator for employers to see the effect the new Employment Allowance could have on their National Insurance Contributions bill.
The Employment Allowance allows businesses and charities to reduce their Class 1 Employer National Insurance Contributions bill by up to £2000 each year.
This calculator allows you to see the effect of the Employment Allowance in April 2014 on:
•Taking on a new employee: You can use the tool to see the effect on your employer National Insurance Contributions of employing one additional employee
•Your employer National Insurance Contributions bill for all employees – You can add a number of employees and their salaries to see the overall effect on your payroll.
Find out more about eligibility and claiming the Employment Allowance.