London: +44 (0)20 7236 2601
St Albans: +44 (0)1727 869141
Rickmansworth: +44 (0) 1923 771010
Milton Keynes: +44 (0)1908 605552

Pre-Budget Report 2008 - National Insurance to be increased

Alongside proposed increases in income tax the Chancellor has announced increases in National Insurance Contributions (NIC) will be increased by 0.5% across the board from April 2011.

This means that employers’ contributions will be increased to 13.3% and the main rates for employees and the self employed will be increased to 11.5% and 8% respectively. The additional rate for those who earn in excess of the upper earnings limit will also be increased by 0.5% to 1.5%

This is part of a package of proposed tax increases to help fund the short term measures announced elsewhere in his report.



Date: 24th November, 2008
Author: Liz Cuthbertson


Articles from this Author

Contact a Private Client Partner


We enjoyed tea and cake with Flo and presented a cheque to @willenhospice for proceeds of #timefortea

Our latest edition of UK Inward Investment - what are the opportunities for you, is out now click to read more



For the latest Mercer & Hole news, visit our LinkedIn page mercer-&-hole

Click here to follow us on LinkedIn