Following speculation in the media, the Government have confirmed that there will be in an increase in National Insurance Contributions (NIC) from April 2022. Unfortunately for many, it doesn’t stop there, with the rise also impacting employers and those who receive a dividend. What are National Insurance Contributions? The state benefit....
Today, 6th April, marks a new tax year and with that comes new thresholds for National Insurance purposes. We have detailed the different rates which apply depending on an individual’s situation during the 2021/22 tax year. Employed Employees pay Primary Class 1 National Insurance on their earnings. On those same earnings, Employers contribute....