National Insurance contributions
January 6, 2023by Frontier Group
In September 2021, the government published its proposals for new investment in health and social care in England. To fund the investment the government introduced a UK-wide 1.25% Health and Social Care Levy based on the National Insurance contributions (NICs) system but ringfenced for health and social care. The Health and Social Care Levy Act provided for a temporary 1.25% increase to both the main and additional rates of Class 1, Class 1A, Class 1B and Class 4 NICs for 2022/23. From April 2023 onwards, the NIC rates were intended to revert to 2021/22 levels and be replaced by a new 1.25% Health and Social Care Levy.