From Friday 1 April 2022, the percentage at which National Insurance Contributions (NIC) are calculated increased by 1.25%.

This means that those that earn above £823 per month will see a minimum 1.25% increase in their National Insurance contributions.

Please see an example table below of how this might affect you:

Please note that the above calculations are based on exact salaries only. These are intended as a guide and will not be the actual figures reflected in your payslip if your salary is between the values stated.

For more information, please visit HMRC’s website, which provides a more in-depth breakdown of the new rates.