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National Insurance contributions re-rating 2021-22

16 December 2020

Proposing MP
Jesse Norman Con
Hereford and South Herefordshire
Type
Written Ministerial Statement
Department
Treasury
View on Parliament.uk -->

At a Glance

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.
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