Following the Prime Minister’s announcement earlier this week, we now have a little more information regarding the proposed NI increase from April 2022.
In April 2022, National Insurance contributions will increase by 1.25% for one year only. This will apply to NI for employees, employers and the self-employed. Those above State Pension Age will not be affected by the April 2022 change.
From April 2023, a new ring-fenced Health & Social Care Levy of 1.25% will be introduced, which will apply to employees, employers, the self-employed and those over State Pension age who are in work. At this time, National Insurance contributions will revert to the current levels.
All of this will be run through the payroll in the usual way and payment will be included as part of your monthly PAYE contributions.
This information is as much as we have at the present time and we will update you all as and when we have further news.
This month sees the end of furlough payments and the whole team at Just Simply Organised hope that you are all able to return to your normal levels of business and staffing quickly if you have had to take advantage of the scheme. Thank you to all of our employers for your support as we too negotiated the issues of furlough, self-isolation and working from home at times over the last 18 months while keeping abreast of all the changes that Covid has thrown at us! If you felt able to leave us a Google review, it would be very much appreciated as we are trying to improve the visibility of our website and reviews really do help.
