Minding the gap: NICs top-up deadline extended
The rush to meet the voluntary national insurance contributions (NICs) top-up deadline of 5 April has forced HMRC to grant an extension to 31 July.
The rush to meet the voluntary national insurance contributions (NICs) top-up deadline of 5 April has forced HMRC to grant an extension to 31 July.
Recent research has compared the value of personal national insurance contributions (NICs) with the value of state pension received. The results may surprise you.
The announcements in September’s not-so-mini-Budget have altered the balance between operating your business as self-employed or via a company. How will you be affected?
September’s ‘mini-Budget’ introduced tax and NIC changes with a range of consequences to employees, employers and the self-employed. Have you sought advice before making any financial decisions?
The changes to NICs announced in the Spring Statement were not straightforward for employees, company directors and the self-employed. Let’s set the record straight.
The new year is a time of resolutions and the same is true of the new tax year, but from a personal financial standpoint, the 6 April does not signal a positive outlook. How prepared are you for the taxing times ahead?
Increases to NICs from next April may disadvantage employees who make direct contributions to their pension pot, with salary sacrifice becoming a more attractive option.
Are NICs a tax? For planning purposes it’s wise to treat them as such and seek advice. The NICs threshold will raise to £9,500 in 20/21 but not for employers.
How will the new government affect your financial planning and taxes? December’s election result has varied implications.
Your April pay may look much the same as March’s, but it is worth giving your pay slip a close look. If you are an employee, your April pay slip is always worth checking, even if you pay little attention to the other eleven you receive over a year.