Lighten Your National Insurance Bill

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Holiday pay will have to be paid to employees at some time during the year. Why not reduce this cost and take advantage of the special arrangements that exist in the construction sector, where there is a dispensation which removes the need for both employer and employee to make national insurance contributions on holiday pay funded through the Scheme.

Under JIB terms and conditions 22 days annual leave is payable, together with a further 8 days public holiday. 30 days leave equates to 11.5% of the annual basic wage bill. Employer national insurance rates continue to rise (the last increase being in April 2003, up to 12.8%). There are therefore considerable savings to be made.