Reeves targets £20bn employers' National Insurance hike – reports

Chancellor reportedly set on all major Budget measures

Jen Frost
clock • 1 min read

Chancellor Rachel Reeves is expected to increase the National Insurance (NI) rate for employers in the upcoming Autumn Budget, according to reports.

Reeves is also expected to lower the threshold at which employers start paying the tax, the BBC reported. Combined, the two measures are reportedly expected to raise £20bn, the likely largest single revenue raiser to be announced on 30 October. Currently, employers pay NI of 13.8% on a worker's weekly earnings above £175. "There is a universal consensus that the NHS needs more money," a government source told the BBC. "That means asking businesses to help out. "The choice is investment versus decline." Funding from the NI change is understood to have been earmarked for the NH...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Tax planning

Budget 25: Key takeaways from Autumn Budget 2025

Budget 25: Key takeaways from Autumn Budget 2025

Eight key takeaways

Linus Uhlig
clock 27 November 2025 • 4 min read
Partner Insight: Inheritance Tax, pensions and the waiting game: Conversations to have now

Partner Insight: Inheritance Tax, pensions and the waiting game: Conversations to have now

With Inheritance Tax expanding and pensions coming into scope, now is the time for advisers to engage clients. Discover how to turn uncertainty into opportunity with strategic estate planning conversations.

Nick Priest Partner and Head of Strategic Partnerships, Downing
clock 26 November 2025 • 9 min read
Budget 25: Changes to IHT on pensions rules for personal representatives

Budget 25: Changes to IHT on pensions rules for personal representatives

Will be able to instruct scheme administrators to pay

Isabel Baxter
clock 26 November 2025 • 3 min read