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National Insurance Contributions-Increase of Thresholds

edited Mar 24, 2022 9:19AM in Human Capital Management - EBS (MOSC) 7 commentsAnswered

Hello Team,

Following today's GOV Announcement,23-MAR-2022, Rishi Sunak has held firm in his plan to increase National Insurance, but has lifted the threshold at which people must pay the levy.

In his Spring Statement this afternoon, the Chancellor said the threshold will be raised by £3,000 to £12,570. The move means taxes will be cut for the lowest earners, but Mr Sunak resisted calls to scrap the 1.25 percentage point rise entirely.


Can you kindly review let us know if this is on your radar and when are we expected to receive relevant patch

Kind Regards

George

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