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New NICs rates and thresholds

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The Social Security (Contributions) (Rates, Limits and Thresholds Amendments and National Insurance Funds Payments) Regulations, SI 2020/299, specify the increased NICs rates, limits and thresholds to apply from 6 April 2020 for: class 2 rate and small profits threshold; class 3 rate; class 4 lower and upper profits limits; class 1 lower and upper earnings limits; class 1 primary and secondary thresholds; and class 1 upper secondary thresholds for employees under 21 and apprentices under 25.

Issue: 1480
Categories: News
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