National Minimum Wage increase:
The National Minimum Wage regulations set the lowest rates of pay all UK workers must be paid as a minimum. Following government announcements, these rates will increase from 1st April 2022.
According to new government guidelines, the new rates for workers aged 18 and above are as follows:
- National Living Wage (23 years old and above): £9.50 (6.6% increase)
- 21-22 years old rate: £9.18 (9.8% increase)
- 18-20 years old rate: £6.83 (4.1% increase)
What does this mean for you, when working with Coople?
You might notice an increase in your hourly wage on the Coople Jobs App to meet the latest minimum requirements. When you work with Coople, you will always be paid the minimum wage or above.
As of April 2022, National Insurance contributions are also set to increase.
Upcoming changes to National Insurance contributions.
What is National Insurance?
We all pay National Insurance contributions to qualify for benefits such as the state pension, statutory sick pay, maternity allowance and more. The amount of National Insurance contributions you pay depends on your employment status and the amount you earn.
What is changing with National Insurance contributions?
From 6th April 2022 to 5th April 2023, National Insurance contributions will rise by 1.25% to fund the NHS and health & social care. The increase will apply to the following classes outlined below:
The increase will not apply if you are over the State Pension age.
How much you will pay.
If you are working with Coople and earning above a certain amount, you will pay Class 1 National Insurance contributions. Please see below for a general outline of what you can expect to pay for the 2021-2022 and 2022-2023 tax years, based on government guidance:
- A married woman or widow with a valid ‘certificate of election’.
- Deferring National Insurance because you’re working more than one job.
How you pay National Insurance when you work with Coople.
As your legal employer, Coople takes care of your National Insurance, pension contributions, holiday pay, and income tax on your behalf. That means, if you work with Coople, you don’t need to do anything – we’ll handle your National Insurance payments for you!
To find out more about the 2022 increase in National Insurance and minimum wage rates, visit the official government website for more information.