Employment Allowance

March 22, 2016

Employment, Wills and Probate

Employment Allowance

The Employment Allowance is increasing from 6 April 2016 from £2,000 to £3,000 for most employers.  One-man companies will not qualify for the Employment Allowance in 2016/17. 

The extra £1,000 of allowance will be available to offset the additional employers NIC payable on the compulsory wage increases for workers entitled to the Living Wage.  However the Employment Allowance cannot be used to offset the cost of pension contributions or the actual wage increase itself.

posted by Frank Collingwood | March 22 2016