The Changes

The Chancellor announced the Autumn Budget 2024 on 30 October 2024. Here are the changes that impact payroll legislation.

National Minimum Wage (NMW)

The Chancellor announced a rise in the NMW from April 2025.

• Over-21s increases to £12.21
• 18 to 20 year-old increases to £10 
• 16-17 year-old increases to £7.55
• Apprentices NMW will increase to £7.55

Employment Allowance

The Employment Allowance will increase from £5,000 to £10,500 from April 2025.

National Insurance (NI)

Employers NI contributions increase to 15% NI for employees who earn above £5,000, from 6 April 2025.

 NOTE: For more details, visit the Autumn Budget 2024 page on Gov.uk.

What you need to do

You don't need to do anything for now. We'll release a software update with these changes, for you to install before April 2025.