Changes to the National Insurance Scheme
In this blog post, we’ll be breaking down the recent changes to the National Insurance Scheme (NIS) that took effect from January 1, 2024. Breaking Down the Changes: The contribution rate will gradually increase from 12% to 16% between 2024 and 2031.Starting January 1, 2024, the contribution rate will go up from 12% to 12.5%,…