National Insurance Contributions Relief for Employers Who Hire Veterans
Closing Date: –
UK businesses hiring former members of the UK armed forces in their first year of civilian employment can save thousands of pounds through National Insurance relief.
Through this scheme, businesses hiring military veterans can save thousands of pounds in employee National Insurance contributions.
From 6 April 2022, employers do not have to pay National Insurance contributions for veterans in their first year of civilian employment after leaving the armed forces. Businesses are also able to claim this relief retrospectively for any qualifying employees who they employed in the last 12 months.
The relief is available to all employers of veterans, regardless of when the veteran left the regular armed forces, providing that they have not been employed in a civilian capacity since leaving service. The relief will be available to all qualifying veterans each time they leave HM Armed Forces.
This National Insurance contributions holiday provides an incentive for employers to hire veterans. Businesses will benefit from the numerous transferable skills veterans gain in service, including collaboration and dedication.
|Funding body||HM Revenue and Customs (HMRC)|
Education, Employment & Training
|Fund or call||Fund|