Local lockdown furlough payments. From 1st November 2020 for 6 months, if your business has been forced to close in a local lockdown area due to coronavirus, you can claim 2/3rds of your staff members salary as a furlough payment up to £2,100 per month per staff member. The business must be closed due to government guidelines to claim not just affected by coronavirus. There will also be up to £3,000 per month in grants for a business to apply for to help with fixed costs, again only if closed due to Government guidelines.
The latest news from PMC Partnership incorporating Pomfreys Accountants – 16th August 2024
There will be 4 types of National Insurance for 24/25. Remember that you should not be paying NI when you reach pensionable age, with class 4 stopping in the year you reach this age.