Termination Awards and Sporting Testimonials NI Contributions: What are the Changes?
6 April 2020
Class 1A National Insurance (NI) contributions on Termination Awards and Sporting Testimonials are changing.
After being postponed for a further year in 2019 until April 2020, the planned changes to termination pay above £30,000 and Sporting Testimonials above £100,000 will now go ahead from 6 April 2020. However, this new Class 1A liability will not apply to any termination awards paid after 5 April 2020 in respect of employment which was terminated before 6 April 2020.