November 27, 2024

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Contractor Salary Threshold 2024

Contractor Salary Threshold 2024. The company will be paying employer’s national insurance at. In april 2024, the department issued a final rule increasing the standard salary level for exemption, and the total annual compensation requirement for highly compensated employees, as detailed below.


Contractor Salary Threshold 2024

1) income tax ‘additional rate’ threshold cut from £150,000 to £125,140 on april 6th 2023. Taking a salary of £9,100 is at the 2024/25 secondary threshold, so your company won’t need to pay employer’s ni on it anyway.

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