National Insurance Contributions (NIC) and Employment Allowance: What One-Person Companies Need to Know for the 2025-2026 tax year to save £1k
Suppose you run a one-person limited company and follow the suggested tax-efficient strategy of paying yourself a director’s salary to match your Tax-Free Allowance, and take any other cash from the company as dividends. You must be aware of a crucial change announced in the 2024 budget that has significantly increased your national insurance bill. …
