Black Country hospices facing higher bills due to NI and wage rises
Increases in National Insurance and the living wage will leave hospice trusts serving the region paying out an extra hundreds of thousands of pounds.
Watch more of our videos on ShotsTV.com
and on Freeview 262 or Freely 565
From this month employers' National Insurance contributions will increase from 13.8 per cent to 15 per cent and the threshold at which employers start paying NICs will decrease from £9,100 to £5,000 from April 6.
The move is part of the Government budget plan to "fix the foundations of the public finances and invest in public services" with the aim to raise revenue for the NHS and increase funding for benefits like the state pension.
Wolverhampton based Compton Care said the move is expected to cost the Compton Road West charity an additional £500,000.
Rachel Overfield chief executive said: "At Compton Care we remain committed to providing specialist palliative and end of life care, as well as bereavement support, to those in our local communities who need it most. Like many charities and healthcare providers, we are acutely aware of the financial pressures caused by the rising cost of living and increases in National Insurance, which are projected to cost the charity an additional £500,000 from April 2025.
