National insurance threshold increased by £3K pa from July 2022

May 7, 2022|In KRW Tax news|By Keith Witchell

Amidst rapidly rising cost of living, and the already announced 1.25% National Insurance hike from April, Rishi Sunak announced some welcome and much needed relief, by confirming an increase in the Employees NIC threshold from July 2022, which will align it with the tax-free personal allowance.  This is an increase from the planned level of £9,880 per annum to £12,570 per annum from July.

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Keith Witchell