With significant payroll cost increases coming into effect in April 2025, businesses across the UK must act now to prepare.
The National Living Wage will rise by 6.7 per cent to £12.21 per hour, while employer National Insurance (NI) contributions will increase to 15 per cent.
These changes will have a direct impact on staffing costs, cash flow, and overall profitability.
The question is – have you adjusted your financial strategy for 2025/26 to accommodate these increases?
At Lamont Pridmore, we understand that rising costs can create pressure for businesses, especially SMEs operating on tight margins.
However, with the proper planning, you can minimise the financial strain and keep your business on track.
How our accountants can help you prepare
Our experienced team is ready to support you with tailored advice to help protect your business against the incoming cost increases.
Here’s how we can support your business:
- Payroll & NI planning – We’ll help you reassess your payroll structure to manage rising employer contributions while keeping your cash flow steady.
- Staffing strategy & cost management – Our team will work with you to balance wage increases and adjust your staffing model to maintain profitability.
- Tax-efficient solutions – We can help you offset increased costs by maximising capital allowances and exploring tax-efficient investment options.
These changes will undoubtedly affect your business, but with our expert financial planning advice, you can stay ahead and protect your financial security.
Get in touch with Lamont Pridmore to discuss your financial strategy on 0800 234 6978 or email info@lamontpridmore.co.uk.
