National Insurance contributions are set to increase by 1.25% in April this year, as part of the government’s plans to fund the health and social care sector in the UK.

The rise comes after the impact of the Covid-19 pandemic on the health and social care sector which has resulted in a substantial backlog. Therefore, to tackle this, the government has introduced the increase to be able to fund a catch-up programme to get the NHS back on track.

When will the increase in contributions occur?
From 6th April 2022 to 6th April 2023, national ins...

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Annual Drawdowns_SenecaReid.pdf