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In a tweet posted yesterday, Rupert Lowe, Member of Parliament for Great Yarmouth, highlighted the employee earnings threshold over which employers begin paying for National Insurance is being reduced to £5,000 per annum starting from the first day of the new tax year, 6 April 2025.
This change means that employers will start paying National Insurance (“NI”) on more of an employee’s earnings, as the threshold at which they begin to pay employer National Insurance contributions (“NICs”) will be significantly lower; the threshold is being reduced from employee earnings of £175 per week to £96 per week.
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National Insurance is a tax on earnings that is paid by both employees (from their wages) and by employers (on top of the wages they pay out), as well as by the self-employed (from their trading profits).
The government are making four changes to employer NICs, all of which take effect at the start of the next tax year (6 April 2025): reducing the threshold for the employer’s contribution from £9,100 to £5,000, increasing the tax rate on employers’ contribution from 13.8% to 15%, increase the tax rate of employer contributions on taxable benefits-in-kind to 15% and increasing the employers Employment Allowance from £5,000 to £10,500.
Previously, the Employment Allowance was for small businesses whose NICs the previous year were less than £100,000. From April 2025 the £100,000 restriction will be removed, making the allowance available to all eligible businesses and charities regardless of their previous year’s National Insurance liabilities. The Employment Allowance is a set maximum amount that can be claimed in each tax year. From April 2025 the maximum that can be claimed by a business for the tax year is £10,500.
What the reduced threshold means for employers is that for someone earning £20,000 in 2025-2026, their employer will pay. £2,250 in NICs. That is an increase of £746 (or nearly 50%) over 2024-2025. For an employee earning $40,000 and £60,000 there will be an increase in employer NICs of 23% (£986) and 17.5% (£1,226) respectively. These increased NICs directly impact a business’ bottom line; they reduce a business’ profit or increase its loss. If, for example, a business cannot increase its customer prices to compensate, it could mean the end of the line.
The net revenue raised by these four changes is predicted to be just under £24 billion in 2025-26. If the Government is increasing its revenue, then it means employers are paying more by the same amount, irrespective of the increase in the Employment Allowance. And, as Mr. Lowe points out, it is the small businesses that will be hit the hardest.
As we read what Mr. Lowe has written below, let’s remind ourselves that the Chancellor, Rachel Reeves, claimed she was an economist – she lied, earning herself the nickname “Rachel from Accounts.” And the Secretary of State for Business and Trade, Jonathan Reynolds, claimed to be a solicitor – he also lied.
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Twitter Post by Rupert Lowe MP
Anyone with proper business experience knows the impact that is coming in April from Labour’s job tax – sadly, that does not therefore include the Chancellor or the Business Secretary.
There is real fear across the business community, a crisis is coming and almost all politicians have stopped talking about it.
A lot of focus on the hike in NI, but not enough on the threshold change which is just as damaging. Going from a £9,100 threshold to £5,000 is brutal – it will drag countless lower-paid employees into the tax for businesses.
Those devising and implementing these rules, politicians and civil servants, do NOT understand how businesses operate.
We all know about the experience, or lack of it, from Reeves and Reynolds.
There are 306 “senior civil servants” in the Department for Business/Trade. How many have a directorship on Companies House? ONE.
ONE out of 306 has current experience. Just one.
These people do NOT understand what they are doing to business owners. They just don’t know or care. Their cosy jobs and pensions are safe.
These aren’t city fat cats they’re attacking. It’s normal, ordinary, decent men and women who are trying to find their way and provide for their families.
These changes WILL result in less investment, fewer pay rises and a weaker economy. That impacts EVERYONE.
Tax is ALREADY punishing. What’s Labour’s response? Hike it up even further.
I listen to them in Parliament – Reeves, Reynolds and the other drones. It’s worse up close. They don’t know what they are talking about. Honestly, it’s so bad.
I challenge Reeves/Reynolds to run a small business for just one week, in this climate. Let’s see how they get on making these decisions. They can’t deceive the cold hard numbers.
We should be hacking tax down – right across the board. Income, dividend, corporation.
Business is all about incentives. The five golden rules – what’s in it for me? Anyone who thinks otherwise is deluded.
What does Government need to do for business? Slash tax, cut burdensome regulation and get the hell out of our way.
Featured image: Keir Starmer, Jonathan Reynolds and Rachel Reeves. Source: ‘Labour’s manifesto is more ambitious than the Ming vase strategy suggests’, Labour List, 14 June 2024
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Categories: Breaking News
Hi Rhoda,
What else can we expect.
All the Billions of pounds sent to Ukraine.
A country that was in the German army in WW2.
We have been totally conned by our Treasonous MP’s.
This is scandalous, this Government are businesses to pay for net zero, illegal migrants, Ukraine , failing NHS, the list could go on and on.
I’ve been out of work for over a year due to DEI recruitment policies and also could not find work during convid – only worked 2.5 years out of the last 5 years and I’m supposedly in a growing sector Technology – however, since successive Governments handed out work visas like candy since the beginning of 2000 plus outsourcing/offshoring, cloud services, IR35 it has killed the sector. The outright theft of tax as a self employed person where you have to pay both employers and employees NI even when you are working as an employee for a 3rd party/Umbrella company and are not an employer is just a tax scam. All of my life savings are now gone but I’m definitely not happy about owning nothing and spend my days being an activist. Many technology graduates from the local University cannot find work in the Technology sector and are now working in local coffee shops, restaurants, doing a post round etc. all minimum wage jobs and have a £50k University debt. I guess the Government/WEF are very pleased with their work.
Hi raj patel,
Sorry about you being out of work for so long.
Do not give up, just keep plodding on.
Even working in a coffee shop will be ok for a while.
How about looking on Utube, for online employment.
At the moment everybody is under pressure.
Hello Rhoda
First .. thanks for your and the exposes excellent work!
And..
It seems that the entire western political systems have a kamikaze or lemming like mentality that requires the country that they are
“governing” needs to be ruined in as many ways as possible.
In the US across the ocean DJT and his crew are discovering enormous levels of corruption and criminal behaviours across the whole spectrum of government and government funded activities at levels that boggle the mind…
You might say that one’s ghast is flabbered!
The US investigations led by Elon Musk with the DOGE team are uncovering what happens to the American taxpayers tax money!
The result of their investigation is to find that the hard earned taxpayers tax money being collected is then being used for just about every nonsensical and criminal enterprise
tots possible to imagine and then some!
So … are these politicians corrupt , stupid or incompetent.. or….????
The same story goes for the EU and Australia and New Zealand and Canada.
The UK “politicians” seem to not only be incompetent but more horrifyingly their actions are causing and as you say accelerating the UK demise.
It is insane and how many people in the parliamentary seats are doing anything that is positive?
And .. here comes the most sobering realisation for me!
And that is that when there is a politician in a parliamentary seat that has positive results for the good of his constituents and also has attempted to get the other parliamentarians to do something for the nations best and highest good ; what happens?
They are thrown out of parliament parties and are savaged by high level officials and the BBCand the main stream media.
The issues he attempted to be looked at in Parliament were the covid 19 debacle and also more recently the scandalous child trafficking and even worse crimes against humanity.
The politicians around the country response is that there is no response. An eerie silence is all that occurs?
So what are they up to in the corridors of power…
Well for a start they are trying to wreck British agriculture and all for the sake the bogus demon of climate change. Co2 is now a villain that needs to be removed along with methane!
Carbon is a criminal actor on the world stage!
And so one could go on and on and on looking at the insanity purveyors .
The parliamentary guy with the cool hat is the only other politician I’ve seen that brings real honest meaning to the parliamentary table!
If there are other please forgive me.
The last thought I have is one I saw the other day and that is to invite Elon Musk and his DIGE team over to th UK.
The only thing about that is that the government would have to release all thd victims of their woke and corrupt policies to make room for themselves..?!?!
Hi Steve, thank you. and thank you for sharing your thoughts.
There is very little that has been coming from governments almost worldwide in the last 5 years, particularly in the Five Eyes countries, that is not following a planned agenda. I have been aware of this agenda since I was a child. As a result of it being openly spoken about when I was growing up, I naively thought everyone knew about it, at least the broad brush strokes. You can imagine my surprise in 2020 (when the plan had advanced so far that it couldn’t remain hidden) when I started speaking about it, I realised that generally people had no clue.
Donald Trump et al are certainly making a splash and disrupting those plans. But we shouldn’t let our guard down iro USA, not yet. We need to keep an eye out to see whether a North American technate is quietly being created. If so, it will be a model the rest of the world follows. Once technates are implemented and operational, they will pick up from where they left off and everything that seems to be disappearing now, just as we hoped, will return with a vengeance.
Interesting comment that, Rhoda.
You write:
“I have been aware of this agenda since I was a child. As a result of it being openly spoken about when I was growing up.”
As for me, I wasn’t aware of any “agenda” until I met God in my early 40s.
I don’t know how old you are, and what television, if any, you watched whilst “growing up”, but I am sure you may have watched, or at least are now aware; of a 60s-70s sit-com by the title of TILL DEATH US DO PART?
There is a segment in the 1972 Christmas Special (22:20-24:12) that you may or may not be aware of that is so prophetic-if you can please look it up, as I’d like to hear your thoughts on it.
I tried to post this segment on YouTube, but they have took it down.
The first ever episode (1966) is quite telling! I believe Tony Booth is the brother of Tony Blair’s wife?
Hi Islander, this one?
https://youtu.be/mPvmPYtmu4M
I’ll try to remember to take a look at it tomorrow. Its late in the day and I’m tired 🙂
That’s the one!
Watch from 22:20-24:12, if you can.
It is best viewed in the short clip under WARNING FROM 1972-BBC To Death Do Us Part-quite something! It must be on another platform, like Rumble or something.
I must look up the man who was behind the series-Johnny Speight, I should think he was a freemason?
The secular proverb “many a true word is spoken in jest” how true!!!
Just looked him up on Wikipedia-he “looked to George Bernard Shaw for inspiration”! GBS promoted eugenics, need I say more?
Hi Islander, every time we dig a little it turns out the misanthropists are all in one big club. It would be interesting to know if he had any particular religious beliefs – many of them do, they’re occultists.
Hi Islander, just watched the couple of minutes you suggested. All I can say is … Wow, they’re shoving in our faces even in those days. Uncle Wilf knew what was going on. Did you notice the social engineering where Uncle Wilf was made out to be a cannibal and someone children should be frightened of?
I noticed!
They were mocking us all right-still are!
Don’t forget, these shows were for the working classes!
I watched them as a kid (I was born in 1960), but back then all this stuff was well beyond me-I laughed because everyone around me did! Laughter is contagious! Did the actors know the agenda-I very much doubt it, Booth apart…
If you feel led to, you ought watch the first few minutes of the first ever episode (1966).
Hi Steve,
Just got round to reading your letter.
You could have taken all those words out of my mouth.
Keep it up, I will look forward to reading more.
Just when you thought it couldn’t get worse, step forward Rachel from Accounts. Without doubt it won’t be long before we will be taxed on how many times we breathe in and out. It could be a carbon tax to help with nett zero, even though it is pointless as the climate crisis hoax science doesn’t add up. Just as a matter of interest, how much Carbon Dioxide do the zealots think has been pumped out by Mount Etna and other volcanoes? Probably a lot more than mankind has.
This madness. Why, oh why was the actual impact of these changes not written in the newspapers across the land. I couldn’t understand the impact of what was widely touted as a simple 1.5% rate rise.
Labour should call themselves, ‘we hate the British People Party.’ WEF scum
Controlled demolition of the economy..
Harming the people with families who just go out everyday and just try to make a living by making it almost impossible to run a legal small business is absurd. Taxing the same people to house, cloth, feed, educate, and nurture millions of illegal aliens is equally absurd. The whole system need to go.