If you are an employer and paying National Insurance for an employee, you could get up to £3,000 off your National Insurance bill by claiming Employment Allowance.
The impact of poor physical health in the workplace is plain for all to see – but the effect of poor mental health can be just as, if not more damaging. A recent letter signed by industry leaders from across business and education highlighted that one in every six workers will experience mental ill health – which includes depression, anxiety, or stress-related issues.
Self employed people pay class 2 National Insurance if their taxable profit is over £6,205, at a flat rate of £2.95 per week – which equates to £153.40 per annum. They are also liable for class 4 National Insurance if their taxable profit is over £8,424 and the current rate for this is 9% for profits between £8,424 and £46,350. Profits over this threshold are chargeable at 2%.
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