National Insurance Is Changing

National Insurance Rises

Following the introduction of the new Health and Social Care Levy from 6 April 2022, National Insurance contributions will rise by 1.25%. This is effectively a 10% rise compared to before.

This rise means that if you are an employee, you will pay National Insurance at the rate of 13.25% on earnings between £190 and £967 per week.

Employers will pay Class 1 contributions on earnings in excess of the relevant secondary threshold at the rate of 15.05%. The rate of Class 1A National Insurance contributions will also rise to 15.05%.

If you are self-employed, you will pay Class 4 National Insurance contributions at the rate of 10.25% on profits between £9,880 and £50,270 and at the rate of 3.25% on profits in excess of £50,270.