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The National Insurance threshold has increased

Employees NI contributions have raised from 12% to 13.25% for July while Employer’s contributions have jumped from 13.8% to 15.05%.

NI will revert to it’s former prior percentage in April 2023, however a new Health and Social Care Levy, at the same 1.25% rate will continue to paid out for which will become a separate tax in it’s own right.



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