Increase in Employer National Insurance Contributions: Starting from April 2025, employer National Insurance contributions will rise to 15% on salaries above £5,000. This change was announced in the October 2024 UK budget presented by Chancellor Rachel Reeves.
Increase in the National Living Wage: From April 2025, the National Living Wage is set to increase by 6.7%, reaching £12.21 per hour. This adjustment aims to improve earnings for low-income workers.
