From the 6 April 2022 a new Health and Social Care Levy of 1.25% of band earnings will be added to National Insurance Contributions (NIC) to pay for improvements to the NHS and Social Care system.
For tax year 6 April 2022 – National Insurance Temporary Increase for 1 Year by 1.25%
This will apply to:
NB Employer contributions are subject to the Employment Allowance subsidy where total employer NIC are below £4,000pa.
From 6 April 2023 – Health and Social Care Levy Replaces NIC Increase
NIC rates will revert back to 2021 levels and the levy will then become a separate new tax of 1.25%.
The 1.25% levy will apply to the same amounts for the following classes of National Insurance contributions:
All existing National Insurance contribution reliefs will apply to the separate levy for:
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