Commons Sense

House of Commons · Written Ministerial Statement

National Insurance contributions re-rating 2021-22

16 December 2020 · Treasury

Proposed by Jesse Norman Con Hereford and South Herefordshire

Taxation

Summarised by AI from the official record, so it can contain mistakes.

View on Parliament.uk

At a glance

Key points

  • The Government will use the September 2020 CPI figure of 0.5 percent to set National Insurance parameters for 2021-22.
  • A table detailing the National Insurance rates and thresholds will be placed in the Libraries of the House.
  • The statement addresses the Government's approach to setting National Insurance limits, thresholds, and contribution rates for the upcoming tax year.

Issue summary

The statement discusses the Government's approach to setting National Insurance limits, thresholds, and contribution rates for 2021-22 based on the September Consumer Price Index (CPI) figure.

Action requested

The Government will use the CPI of 0.5% as the basis for setting all National Insurance parameters for 2021-22, and a table outlining these rates and thresholds will be placed in the Libraries of the House.

Key facts

  • The September Consumer Price Index (CPI) figure is 0.5%.
  • A table of National Insurance rates and thresholds for 2021-22 will be placed in the Libraries of the House.
▸ Assessment & feedback
Summary accuracy