Under a new scheme, businesses hiring military veterans can save thousands of pounds in employer National Insurance Contributions (NICs). From 6 April 2022, employers do not have to pay NICs 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.
Find out more: Government urges businesses to take advantage of National Insurance relief when hiring veterans – GOV.UK (www.gov.uk)
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