For the 3rd time this financial year there are changes in the way National Insurance is calculated for both employees and employers. The percentage increase implemented at the start of the financial year has now been reversed.
From 6 November instead of paying 13.25% in National Insurance Employees will now pay 12% and instead of paying 15.05% in National Insurance Employers will now pay 13.8%. Marsland Nash Payroll will deal with all of these adjustments. If you process your own payroll please ensure your software is up to date to ensure your parameters are correct.