Did you know that from the 1st April 2021 here will be a National Insurance contribution relief for employers who hire veterans.
From April 2021, there will be a National Insurance contribution relief for employers who hire veterans.
Employers can claim back the Class 1A NI contributions for employees who are veterans for the period of employment between April 2021 – March 2022. From April 2022 claims can be made through standard PAYE submissions.
A person qualifies as a veteran if they have served at least one day in the regular armed forces. This includes anyone who has completed at least one day of basic training.
The relief is available to all employers of veterans regardless of when the veteran left the regular armed forces, providing they have not previously been employed in a civilian capacity.
Self-employed individuals do not pay Class 1 National Insurance contributions. Therefore, self-employed businesses do not qualify for this relief. In addition, self-employed work does not trigger the qualifying period.
Want to find out more?
To read more about the scheme and it’s limits you can read the government white paper here.