On 7 September the Prime Minister unveiled a £12billion a year tax rise to pay for the NHS and social care.
From April 2022, a temporary increase in National Insurance Contributions rates and tax in dividends will increase by 1.25%.
- Current Rates
- 2022/23 NIC Rates
- 2023/24 NIC Rates
- 2023/24 Social Care Levy
| Employee Main/
higher rate |
Employer | Self-employed | |
| 1 | 12%/2% | 13.8% | 9%/2% |
| 2 | 13.25%/3.25% | 15.05% | 10.25%/3.25% |
| 3 | 12%/2% | 13.8% | 9%/2% |
| 4 | 1.25% | 1.25% | 1.25% |
The Levy and NIC will be charged on profits and earnings above the thresholds for the relevant years.
