10.01.2025
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Financial Planning

It is not too early to financially plan for End of Year Annual Reports in April.

 

There are some changes on the way that may have a big impact on your business and you need to plan now.

  1. Changes to National Insurance from April 1st
  • The threshold on employee earnings at which NI applies will drop from £9,100 to £5,000
  • The NI rate will increase from 13.8% to 15%

 

2.Increase to National Minimum wage from April 1st

 

  NMW Rate Increase (£) Increase (%)
National Living Wage (21 and over) £12.21 £0.77 6.7
18-20 Year Old Rate £10.00 £1.40 16.3
16-17 Year Old Rate £7.55 £1.15 18.0
Apprentice Rate £7.55 £1.15 18.0
Accommodation Offset £10.66 £0.67 6.7

 

From cashflow forecasts to finding funding, we want to support you to ensure that you are protecting your childcare business, by being proactive with your financial planning.

 

Don’t delay, speak with you regional Childcare Business Development Officer today! Contact@clybiauplantcymru.org