Q&As

Does the employer's Class 1A National Insurance contributions (NIC) liability in the amended section 10 of the Social Security Contributions and Benefits Act 1992 (SSCBA 1992) apply to termination awards or payments that are paid on or after 6 April 2020 (to the extent they exceed £30,000), regardless of the termination date? Are employers also required, from 6 April 2020, to deduct employee NICs from termination awards to the extent they exceed £30,000?

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Published on LexisPSL on 08/04/2020

The following Employment Q&A provides comprehensive and up to date legal information covering:

  • Does the employer's Class 1A National Insurance contributions (NIC) liability in the amended section 10 of the Social Security Contributions and Benefits Act 1992 (SSCBA 1992) apply to termination awards or payments that are paid on or after 6 April 2020 (to the extent they exceed £30,000), regardless of the termination date? Are employers also required, from 6 April 2020, to deduct employee NICs from termination awards to the extent they exceed £30,000?

Does the employer's Class 1A National Insurance contributions (NIC) liability in the amended section 10 of the Social Security Contributions and Benefits Act 1992 (SSCBA 1992) apply to termination awards or payments that are paid on or after 6 April 2020 (to the extent they exceed £30,000), regardless of the termination date? Are employers also required, from 6 April 2020, to deduct employee NICs from termination awards to the extent they exceed £30,000?

With effect from 6 April 2020, section 1 of the National Insurance Contributions (Termination Awards and Sporting

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