Childcare

The childcare voucher scheme is a tax-free payment for your childcare costs made by your employer. If you enter into an employment salary sacrifice arrangement you’ll save tax and national insurance.  In addition, your employer will not have to pay their national insurance contributions on the part you sacrifice.  Some employers pass on some or all of…

Directors and Company Secretaries jump for joy:- How to get full National Insurance Benefits without paying for National Insurance

If you earn an average of more than £6,032 per year (the lower earnings limit LEL for 2018/2019) you have the full benefit of Class 1 National Insurance (NI) without paying NI.  Meaning you will have access to the following future benefits:- Basic State Pension* Additional State Pension New State Pension Contribution-based Jobseeker’s Allowance Contribution-based…