1% increase*
1.25% increase*
NIC at current rates
Income
£20,000
£6,000
£2,000
NI paid
£4,000
£1,252
+£104
Annual increase
£1,356
£1,382
+£130
£40,000 income
£3,652
£3,956
+£304
+£380
£4,032
£60,000 income
£5,079
+£504
£5,583
£5,709
+£630
1% increase*
1.25% increase*
NIC at current rates
£20,000 income
National Insurance paid
£6,000
£2,000
£4,000
£1,252
+£104
Annual increase
£1,356
£1,382
+£130
£40,000 income
£3,652
£3,956
+£304
+£380
£4,032
£60,000 income
£5,079
+£504
£5,583
£5,709
+£630
1% increase*
1.25% increase*
NIC at current rates
£20,000 income
National Insurance paid
£6,000
£2,000
£4,000
£1,252
+£104
Annual increase
£1,356
£1,382
+£130
£40,000 income
£3,652
£3,956
+£304
+£380
£4,032
£60,000 income
£5,079
+£504
£5,583
£5,709
+£630
*Assume 1% increase on both NIC rates (to 13% and 3%) | SOURCE: BLICK ROTHENBERG