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What does an employee really cost?

Salary is only part of the bill. Add employer National Insurance and pension contributions to see the true 2026/27 cost of a hire.

£
MonthlyAnnual
Gross salary£2,916.67£35,000.00
Employer National Insurance (15% above £5,000)£375.00£4,500.00
Employer pension (3% of qualifying earnings)£71.90£862.80
True cost of employment£3,363.57£40,362.80

A £35,000 salary costs £40,362.80 a year — 15.3% on top of the salary itself.

Statutory minimums · before Employment Allowance · auto-enrolment employer minimum

The two costs on top of salary

When you agree a salary with a new hire, you're committing to more than that number. Two statutory costs come on top:

  • Employer National Insurance15% of everything you pay above £5,000 a year. This is separate from the NI deducted from the employee's pay; it's your cost as the employer.
  • Workplace pension — for auto-enrolled employees you must contribute at least 3% of their qualifying earnings (the band between £6,240 and £50,270).

For a typical salary, the two together add roughly 15–18% to the headline figure — worth knowing before you make an offer, not after.

The good news for small employers

The Employment Allowance wipes out up to £10,500 of employer NI a year for most small businesses, which can make the first hire or two dramatically cheaper than the headline rate suggests. And if you're at that stage, PayAdjust handles the auto-enrolment assessment, the pension calculations, and the HMRC reporting that come with employing people — so the admin doesn't cost you evenings as well.

Statutory minimums for 2026/27, before the Employment Allowance — an estimate, not accounting advice.

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