✓ Passed into LawLords
UK Parliament · Bill
National Insurance Contributions (Termination Awards and Sporting Testimonials) Act 2019
Summary
This Act changes the rules so that termination awards (money paid to employees when they leave a job) and sporting testimonials (gifts given to retiring athletes by fans) are not subject to National Insurance contributions. Essentially, people receiving these payments don't have to pay a portion of them to the National Insurance system, keeping more of the money for themselves.
A vote to support means
- —Supporting this Act means allowing people to receive termination awards (like severance pay when leaving a job) and sporting testimonial payments without paying National Insurance contributions on them. This helps workers keep more money when they lose their job and allows sports fans to give gifts to retiring athletes without tax complications.
A vote to oppose means
- —Critics might worry that this Act allows wealthy people and high-earning athletes to avoid paying National Insurance, which funds NHS and social care. Some could argue it's unfair that these payments are tax-free while ordinary workers pay contributions on their regular wages.
Cast Your Vote
People's Vote0 votes
0% Support · 00% Oppose · 0
Bill Passage
Commons
- 1st reading25 Apr 2019
- 2nd reading30 Apr 2019
- Committee stage14 May 2019
- Report stage10 Jun 2019
- 3rd reading10 Jun 2019
Lords
- 1st reading11 Jun 2019
- 2nd reading26 Jun 2019
- 3rd reading23 Jul 2019
Royal Assent24 Jul 2019
Full Bill Description(click to expand)
No description available