Sears confirms 1.5% increase in rate on July 1

Fri, Mar 8th 2024, 09:02 AM

NATIONAL Insurance contribution rates will increase by 1.5 per cent on July 1 and rise by that amount every two years for the next 20 years, Immigration and National Insurance Board Minister Alfred Sears said yesterday. However, last night, the Office of the Prime Minister said only the rise for July 1 this year was confirmed - with no decision yet taken on future years.

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