The Government hopes the tax rises will tackle the current backlog in the NHS, and contribute to wider social care, including disease prevention and the cost of care homes.
April 2022 will see an increase in National Insurance contributions for employers, employees and the self-employed.
The increase of 1.25% will mean higher contributions from all those who earn over the minimum thresholds.
National Insurance contributions will return to their current rates in April 2023. The additional 1.25% deduction will remain, and be renamed ‘Health and Social Care Levy’,
What it means for Directors