The latest report from the Global Payroll Association highlights significant increases in employer costs, revealing that UK businesses will experience an average rise of £209 per employee monthly from April 2025.
Employer National Insurance Contributions will increase from 13.8% to 15%, and the threshold for paying these contributions will drop from £9,100 to £5,000, meaning more costs for businesses.
The National Living Wage is set to rise from £11.44 to £12.21 per hour, culminating in an additional £123 per month for employers per NLW employee.
The combination of increased wages, pension contributions, and higher National Insurance results in a significant overall monthly cost of £2,227.15 per NLW employee, a notable rise for employers.
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