top of page
Search
Writer's pictureLinda Young

Rise in National Insurance contributions and Dividend Tax

Increases in National Insurance Contributions and Dividend Taxes are being introduced by the government to provide additional resources for the NHS and social care services.


National Insurance:-

The levy will apply to employees and employers who pay Class 1 N.I., from April 2022 the rate will rise by 1.25%


Class 4 N.I. (on profits) for the self employed will also rise by 1.25%

Tax Year

Employee Rate

Employee Rate

Employer Rate

Self Employed Rate

Self Employed Rate

Main

Higher

Main

Higher

2021/22

12.00%

2.00%

13.80%

9.00%

2.00%

2022/23

13.25%

3.25%

15.05%

10.25%

3.25%

Director Dividends:-

Dividend tax will also rise by 1.25% from April 2022

Tax Year

Basic Rate

Higher Rate

Additional Rate

2021/22

7.50%

32.50%

38.10%

2022/23

8.75%

33.75%

39.35%

You can find out more about the governments plans for health and social care here:-


27 views0 comments

Recent Posts

See All

תגובות

דירוג של 0 מתוך 5 כוכבים
אין עדיין דירוגים

הוספת דירוג
bottom of page