Published On: Sat, Nov 9th, 2024

HMRC update on National Insurance change as group has ‘nothing to pay’ | Personal Finance | Finance


National Insurance (NI) bills will be increasing next year but the Government has pointed out that one group will pay nothing at all.

Conservative MP Damian Hinds quizzed ministers on if they would adjust childcare hourly funding rates in light of changes coming in to employer NI contributions.

Chancellor Rachel Reeves announced in the Autumn Budget that the NI rate that employers pay will increase from 13.8 percent to 15 percent.

In his response, education minister Stephen Morgan pointed out…



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