The discounts
A discount of 5 percent per annum is again available for employers who pay their full year's premium by 6 August 2018.
A discount of 3 percent per annum is also available to employers who wish to continue to pay their premium in full by 1 October.
To qualify for the 5 percent discount employers must:
- Pay any outstanding balance from 2017/18 (or previous years); and
- Pay their full 2018/19 premium (less the 5% discount) by 6 August 2018.
To qualify for the 3 percent discount employers must:
- Pay any outstanding balance from 2017/18 (or previous years); and
- Pay their full 2018/19 premium (less the 3% discount) by 1 October 2018.
Information on ways to pay your premium will be set out in your Premium Notice.