National Insurance Contributions (Employer Pensions Contributions) Act 2026

This bill would change how National Insurance Contributions (NICs) are calculated for employers, specifically by excluding or reducing NICs on pension contributions they make on behalf of employees. Currently, employers pay National Insurance on most business costs, including pension contributions. The bill aims to reduce the National Insurance burden on employers when they contribute to employee pensions, potentially making workplace pensions more affordable for businesses to provide. This could encourage more employers to offer pension schemes or increase their contribution levels.