National Insurance Contributions (Rate Ceilings) Bill

Explanatory Notes


Overview of the Bill

1 The National Insurance Contributions (Rate Ceilings) Bill provides that, for the duration of this Parliament, the rate of Class 1, Class 1A and Class 1B National Insurance contributions ("NICs") paid by employees, employers and third parties will not exceed the current rates and the Upper Earnings Limit ("UEL") should not exceed the Higher Rate Threshold for income tax.

Prepared 14th July 2015