Health And Social Care Levy

Health And Social Care Levy

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%.

  1. Current Rates
  2. 2022/23 NIC Rates
  3. 2023/24 NIC Rates
  4. 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.