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Old 07-09-2021, 13:02   #60
Sephiroth
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Re: This NI increase for Social/Health Care

Quote:
Originally Posted by Chris View Post
It’s happening then. 1.25% on NI from next April.

https://www.bbc.co.uk/news/live/uk-58473078

Apparently from 2023 it will be separated out on payslips as a ‘Heath and social care levy’. Though further to my earlier post I think it’s vastly unlikely the money will be legally ring-fenced as that would be quite complex to achieve.
It does provide the Guvmin with the opportunity to reduce income tax and move the difference to the hypothecated (I hope) levy.
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