Cap on social insurance payments increased

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 Thursday, June 24, 2021 - 09:37

The cap on social insurance payments which fund the Statutory Pension and Health Service will be increased as from 1st July.
The rate for employees at 10% of earnings and employers at 20% remain unchanged.


The maximum payment is now very close to the level of the minimum wage as a result of the minimum wage having gone up by 25p an hour every year since 2019 but the maximum payment not being increased since then.

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