From April 2022, in line with announcements made last month, National Insurance Class 1 contributions (that will affect employed persons and their employers) and Class 4 contributions (that will affect the self-employed), are increasing by 1.25%. These increases will affect all employed and self-employed workers that presently pay National Insurance. This increase will only apply…
Read more
Dividend tax increases
If you have been keeping up with announcements from Downing Street, you will know that from April 2022 the hybrid rates of Income Tax on dividend income are increasing by 1.25 percentage points. The changes from April 2022 are: The first £2,000 of dividends received are free of any additional tax charge, no change here.…
Read more