The drive to help young people get jobs in York will be boosted by plans to abolish employers’ National Insurance Contributions (NICs) for under 21-years-olds, York’s Lib Dem Group Leader Cllr Keith Aspden said today.
The news means businesses will no longer have to pay tax on their employees aged under 21-years-old. For example, companies will save £1,000 each year for every young employee earning £16,000.
In York the plan to abolish NICs for young people from April 2015 means companies will not have to pay the contributions for 5,750 young people.