Jul 6, 2022
Two million workers free from National Insurance
Employees can now earn £12,570 a year before paying National Insurance, up from £9,880 a year previously. Employees across the UK pay National Insurance on their wages, employers pay extra contributions for staff, and the self-employed pay it on their profits. An employee on £20,000 a year will pay £178 less National Insurance in 2022-23 than they did the previous year, while someone on £50,000 will pay £197 more. Many employers are paying more in National Insurance, and business groups say that may effect their capacity to pay higher wages. "Higher employer National Insurance contribution rates still mean less money in the economy for pay rises, let alone sustainable investment, recruitment and discretionary spending," said Tina McKenzie, from the Federation of Small Businesses.
Related companies
Make a complaint about National by viewing their customer service contacts.
