{"id":5040,"date":"2021-09-07T09:30:06","date_gmt":"2021-09-07T08:30:06","guid":{"rendered":"https:\/\/www.newbycastleman.co.uk\/?p=5040"},"modified":"2021-09-08T09:39:19","modified_gmt":"2021-09-08T08:39:19","slug":"pm-confirms-introduction-of-health-and-social-care-levy","status":"publish","type":"post","link":"https:\/\/www.newbycastleman.co.uk\/industry-news\/pm-confirms-introduction-of-health-and-social-care-levy\/","title":{"rendered":"PM confirms introduction of Health and Social Care Levy"},"content":{"rendered":"<\/span> < 1<\/span> minute to read<\/span><\/span>

PM confirms introduction of Health and Social Care Levy<\/b><\/p>\n

The Prime Minister has today announced plans to implement a Health and Social care levy to fund care cost reforms.<\/p>\n

The levy will see workers paying an additional 1.25% of their wages over to the Government in order to raise the funds needed to improve health and social care across the UK.<\/p>\n

This will initially be collected by means of a rise in National Insurance contributions of 1.25% which will come into effect from April 2022.<\/p>\n

In a bid to spread the burden, dividend income received is also set to be subject to an additional 1.25% tax from April 2022.<\/p>\n

From April 2023 onwards, the 1.25% Health and Social Care Levy will become a separate tax on earned income.<\/p>\n","protected":false},"excerpt":{"rendered":"

<\/span> < 1<\/span> minute to read<\/span><\/span> PM confirms introduction of Health and Social Care Levy The Prime Minister has today announced plans to implement a Health and Social care levy to fund care cost reforms. The levy will see workers paying an additional 1.25% of their wages over to the Government in order to raise the funds needed to improve health … <\/p>\n