A new 1.25% tax on earnings and profits to fund health and social care, starting April 2023. People over state pension age working will also pay it.
A Bill to make provision imposing a tax (to be known as the health and social care levy), the proceeds of which are payable to the Secretary of State towards the cost of health care and social care, on amounts in respect of which national insurance contributions are, or would be if no restriction by reference to pensionable age were applicable, payable; and for connected purposes.
Status: Act of Parliament
Current House: Unassigned
Stage: Royal Assent
Sponsored by: Lord Agnew of Oulton, Lucy Frazer
Introduced: 2021-09-08
Royal Assent: 2021-10-20