The much-heralded increase in National Insurance comes into play today. Employees, businesses and the self-employed will pay an extra 1.25p in the pound as the base rate for National Insurance rises from 12% to 13.25%.
In real terms, this will mean an employee earning, for example. £27,000 a year example, will see their annual National Insurance contributions rise from £2,053 to £2,268.40.
£5 a month for the first 3 months*
Join our growing community of forward thinking HR leaders and get unlimited access to the full archive, as well as exclusive reports, how-tos, deep dives, and video interviews.
* Billed via Credit/Debit card at £5 a month for the first 3 months, then £27.99 per month.
One time use only. New customers only. Offer expires 11:59PM Sunday 2nd April 2023.
One time use only. New customers only. Offer expires 11:59PM Sunday 2nd April 2023.