Spring Statement – National Insurance Changes

Spring Statement – National Insurance ChangesThe Chancellor has announced in his Spring Statement that the income threshold at which point people start paying National Insurance will rise. From next month the threshold at which people begin to pay National Insurance will rise by £3,000 to £12,570, bringing it in line with the personal allowance threshold…

National Insurance Contributions Set to Rise

National Insurance Contributions Set to RiseFrom April 2022 the rates of National Insurance Contributions are set to increase Certain NICs are set to rise by 1.25% from April 2022. The increase will apply to Class 1 NICs currently paid by employees via PAYE and to Class 4 NICs currently paid by the self-employed via their…