Rise in National Insurance Threshold

In today’s Spring Statement Rishi Sunak has announced a rise in the Primary Threshold (the point at which employees pay NI) by £3,000, to £12,570 from July 2022.

The Health and Social Care Levy has not been reserved however, with the 1.25% increase in National Insurance starting from the 2022/23 tax year.

Sunak also revealed income tax will reduce form 20p in every pound to 19p by the end of the current Parliament.