How do changes to NICs affect you?

As some of you may know, there are changes happening to National Insurance Contributions (NICs). From 6th July, these changes will come into effect with the NIC thresholds being amended, so that both the primary threshold and the lower profits limit rises from £9,880 to £12,570, bringing them in line with the income tax personal allowance.

We have prepared a short guide here which explains this further, with a section on the second page that details how this may affect you, with the main change you can expect to see if a difference in your take-home pay.

As always, if you have any queries you want to run by us, we would be more than happy to help.