National Insurance: What Will Tax Changes Cost Me?

30th March 2022

A few links to let you know what is happening about National Insurance from April 2022. Also the new charge of 1.25% for employees and employees will become a new charge as a levy from 6 April 2023. Pensioners who also work will from 6 April 2023 will pay the new 1.25% levy on any work related earnings - whereas at present pensioners do not pay National Insurance (this only applies to the new levy).

BBC
National Insurance What Will Tax Changes Cost Me?

Salary sacrifice may be of interest for some people. This needs careful study to see if the savings are worth it.
Salary sacrifice for employers
Salary sacrifice allows employees to contribute to their pension from their gross pay, meaning they will be taxed at a lower level of salary. This scheme will not only allow employees to contribute to their pensions in an affordable way, but it also means they and their businesses will pay lower rates of national insurance. However there are a number of things that can be affected and careful reading of the regulations is required. Advice may be needed.

National Insurance is not a devolved matter and is a tax reserved to the UK Government. The Health and Social Care Levy will also fall under the National Insurance bracket - meaning it is also not in the hands of Holyrood.