Member

In conclusion, these regulations increase the rates of child benefit and guardian’s allowance as well as the rates of class 2 and class 3 national insurance contributions, in line with prices. They also maintain most of the thresholds for national insurance contributions at their current levels for the 2026-27 tax year, except for the lower earnings limit and small profits threshold, which will be uprated by the September 2025 CPI of 3.8%. These regulations also make provision for a Treasury grant and extend the veterans’ employer NIC relief for a final two years. I beg to move.