- The Chancellor announced the government is meeting the commitment to introduce a National Insurance holiday for employers of veterans in their first year of civilian employment.
- A full digital service will be available to employers from April 2022; however, transitional arrangements will be in place in the 2021-22 tax year which will effectively enable employers of veterans to claim the NICs holiday from April 2021.
- The holiday will exempt employers from any NICs liability on the veteran’s salary up to the Upper Earnings Limit.
- This is aimed at boosting employment rates for the 15,000 veterans who leave the armed forces each year.
- The Chancellor also announced further additional funding for the mental health of veterans with £10 million uplift in 2020-21 to the Armed Forces Covenant Fund Trust. This aims to support former service personnel with mental health needs through the delivery of charitable projects and initiatives.
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https://www.aspirepartnership.co.uk/News/3402/the-good-work-plan-1-month-to-go-top-10-tips
