How to Prepare for Changes to National Insurance
New chancellor Kwasi Kwarteng is reversing the recent increase to national insurance (NI) rates, taking effect from 6 November 2022. This will see millions of employees take home more pay each month. This is how employers can prepare for these changes to national insurance. What’s Changing? In April 2022 a 1.25% increase in national insurance contributions (NIC) came into effect. This was originally proposed to...