National Insurance Contributions Re-rating 2021-22 Debate
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Jesse Norman
Main Page: Jesse Norman (Conservative - Hereford and South Herefordshire)Department Debates - View all Jesse Norman's debates with the HM Treasury
National Insurance Contributions Re-rating 2021-22
Jesse Norman Excerpts(3 years, 11 months ago)
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The Financial Secretary to the Treasury (Jesse Norman)
In line with the approach set out in the spending review document on 25 November (CP 330), the Government will use the September consumer prices index (CPI) figure (0.5%) as the basis for setting all national insurance limits and thresholds, and the rates of class 2 and class 3 national insurance contributions, for 2021-22. A table of these 2021-22 national insurance rates and thresholds will be placed in the Library of both Houses.
[HCWS657]