Tag Archives: NIC; dividend tax; care fees

Increase in National Insurance, increase in dividend tax, cap on care fees

The prime minister has confirmed that there will be a 1.25% increase to NIC and dividend tax rates. National Insurance Increases There will be a temporary increase in April 2022 of 1.25% to Class 1 and Class 4 NIC as well as a 1.25% increase in Class 1 Secondary NIC paid by employers. It will…