Turn rising NIC costs into opportunities

Your profit margins are about to get slimmer. But with the right planning, you can stay ahead.

Calculate your contribution

Higher National Insurance Contributions

If you’re in an industry like retail or hospitality, where people are at the heart of what you do, these changes could feel especially challenging.

Understanding these changes and planning will be critical to safeguarding your business’s financial health. As costs rise, we’re here to help you navigate the changes and protect your bottom line.

Higher NIC

National Insurance Contributions are increasing from 13.8% to 15% — means you’ll be paying more in NICs overall but especially for higher-paid roles.

Calculate your contribution

NIC threshold

NIC threshold lowered from £9,100 to £5,000 per year — including part-time and lower-paid workers — the scope of contributions you’ll have to pay increases.

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NIC Cost Calculator

This tool gives an estimate of increased costs for businesses based on new policies from the Autumn Budget.

Making sense of the Autumn Budget 2024

Rising costs can feel overwhelming, but you’re not alone. Let us help you navigate these changes with confidence. Here are some actionable insights and practical tools to help you navigate the challenges ahead.

How do you balance the challenge of rising costs while staying financially strong?

Download Cheat Sheet

How will rising National Insurance Contributions affect your business in particular?

Calculate your contribution

How can you increase your finance team’s productivity as their hours become more valuable?

Read the Productivity Index

Better budgeting starts with
better spend management.

Spend management isn’t just a tactic to employ when facing rising costs. It’s a
mindset shift, a new perspective on how to allocate resources effectively. With the
right strategy and tools in place, you can ensure financial stability and flexibility no
matter what policy comes into effect.

Want an introduction to spend management?

Download our guide

Want to calculate Soldo’s ROI for your business?

Calculate Soldo's Value

Want to learn more about
Soldo’s impact?

Read Forrester's Study

How Soldo helps businesses adapt

Soldo’s smart spend management tools are designed to help businesses like yours take control of their finances,
reduce administrative burdens, and make every pound count.

Here’s how we can support you:

  • Track spending in real-time: Gain instant visibility into where your money is going, so you can identify savings opportunities and eliminate waste. 358% ROI when used over 3 years
  • Simplify compliance: Automatically categorise expenses and generate reports that make staying compliant with NIC and tax regulations easier than ever. 50% time saving for employees on expense claims
  • Boost team productivity: Free up your finance team’s time by automating processes like expense tracking and budgeting, so they can focus on strategic growth. 80% time saving for finance managers on reports*

With Soldo, you’ll be equipped with the tools and insights to adapt to economic challenges and safeguard your business’s financial health. Let’s tackle this together.

Join businesses across the UK who are already navigating change with Soldo.

Start your journey today
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The financial services provided to customers resident in or with registered office in the UK are provided by Soldo Financial Services Ltd., a company incorporated in the UK with company number 09495650, whose registered office is 119 Marylebone Road, London, NW15PU, United Kingdom, authorised as an Electronic Money Institution by the Financial Conduct Authority (firm registration number 900459). Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated. The card is issued by Soldo Financial Services Ltd pursuant to a licence issued by Mastercard International Inc. Soldo Financial Services Ltd. (data protection number: ZA147304) complies with all applicable data protection and privacy legislation in force from time to time in the UK and the EU including the General Data Protection Regulation ((EU) 2016/679) and the Data Protection Act 2018. All communications related to financial services provided by Soldo Financial Services Ltd shall be sent to Soldo Financial Services Ltd., 119 Marylebone Road, London, NW15PU, United Kingdom.