Statement made by
My right honourable friend the Financial Secretary to the Treasury (Jesse Norman) has made the following Written Ministerial Statement.
In line with the approach set out in the Spending Review document on 25 November (CP 330), the Government will use the September Consumer Price Index (CPI) figure (0.5%) as the basis for setting all National Insurance limits and thresholds, and the rates of Class 2 and Class 3 National Insurance contributions, for 2021-22. A table of these 2021-22 National Insurance rates and thresholds will be placed in the Libraries of the House.
This statement has also been made in the House of Commons