Small and medium and middle businesses
Although the treasurer expects to raise £ 25 billion a year to help connect government finances, anxiety that many small businesses will fight for additional costs – declined salaries, salaries and even pension.
According to the study from Moore UK, Chift November payments are only $ 15 billion, from $ 69.7 billion, covering 16.6 million workers. By 37 percent of the taxes that produce taxes as a major challenge – and many are already working on small margins – cost-cutting measures seem to be possible. To reduce labor benefits or ice-payment is among the most common business strategies are employed under financial pressure.
However, the growing number of SMEs accepts wage contributions, providing employees to exchange part of their pension contributions or other income benefits, thus critique to UK SMEs over $ 4 billion per year, to eliminate the new NI trial expansion. Supports add that a salary sacrifice is also promoting long-term savings – the main consideration such as foods from UK for many generations that survive many generations.
Despite these benefits, the salary sacrifice is always used, in part because many business owners do not know how to use them. Some industry experts say that the government can do more to emphasize the income contribution to the cost of employers and, at the same time, financial safety for Bolster staff. During times of economic uncertainty, such measures may be a lifelong SMEs of severe pressed SMEs – and timely approaches to reduce the closest load of NI.
