Tag Archives: dividend rise

How does the national insurance and dividend rise impact my small business?

The National Insurance Contributions (NICs) increased by 1.25 percentage points starting in April of 2022. After one year, starting in April of 2023, NICs will reduce once more and a new Health and Social Care levy will be introduced to collect the 1.25% instead. After a difficult 18 months of lost wages, staff shortages, and […]