A reminder that since 6 April 2021, employers have not been required to pay National Insurance contributions for veterans during their first year of civilian employment after leaving the armed forces. This applies up to the veteran’s upper secondary threshold and directors also qualify.
Additionally, businesses can retroactively claim this relief for any eligible employees who joined within the past 12 months.
This National Insurance relief applies to all employers of veterans for one year, starting from the veteran's first civilian job. This is regardless of when they left the armed forces provided they have not been employed in a civilian role since leaving HM Armed Forces.
To qualify, a veteran must have served at least one day in the regular armed forces.
If a veteran has multiple jobs, each employer can claim relief for the same employee.
If the veteran changes jobs within their first year of eligibility, the new employer can also claim relief for the remainder of the veteran’s first year of civilian employment.
For more information, speak with your usual contact at Peplows.