Under new Government plans, employers will pay NO National Insurance on the salary of any veteran they hire, for the first year. We welcome this fantastic new initiative and know for sure our clients who love hiring from the Armed Forces Community will absolutely love this. This is to encourage businesses to tap into the wealth of skills and experience the veteran community provides.
This measure is one of a number which demonstrate the strength of the commitment by the Government to creating the conditions for veterans to find and secure sustainable high quality employment. The measure, announced at Budget 2020 in March, will exempt employers for any NICs liability on veteran’s salary up to the Upper Secondary Threshold in their first year of civilian employment.
If you want to learn more, please get in touch with Howard on firstname.lastname@example.org or 01476 573255.