March 15th, 2016
If you are a member of the Universities Superannuation Scheme, Contributory Pension and Assurance Scheme or NHS pension schemes, your National Insurance (NI) contributions will increase from Wednesday 6 April 2016.
Paying higher NI will reduce your monthly income. Your employer’s NI contributions in respect of your employment will also increase. If you are not a member of the pension schemes listed above, your NI contributions will not be affected.
Changes to your NI are due to the Government introducing a new single tier State Pension, which is designed to be fairer and simpler to understand.
Payroll Services have provided FAQs on the National Insurance changes and these are available on their Workspace.
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