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National Insurance

Question for Treasury

UIN 49105, tabled on 14 September 2021

To ask the Chancellor of the Exchequer, what estimate his Department has made of the amount the 1.25% increase in National Insurance Contributions will raise in the first year from 2022.

Answered on

22 September 2021

As set out in ‘Build Back Better: Our Plan for Health and Social Care’, the net revenue from the Health and Social Care Levy will be around £11.4 billion a year, from 2022-23. A full costing of the policy will be certified by the independent Office for Budget Responsibility at the Budget.

Answered by

Treasury