What will the provisions in the Child Support, Pensions and Social Security Act do?
A. The new provisions in the Child Support, Pensions and Social Security Act: • Extend the statutory bar preventing employers recovering NICs from employees in respect of Class 1A and Class 1B NICs. • Allow the employer to recover the whole or part of any secondary NICs payable in respect of a unapproved share option gain from the employee (subject to the agreement of the employee). • Where a joint election has been made by the employer and the employee which has Inland Revenue approval, the amendment allows the whole or part of the employer’s secondary NICs liability to be transferred to the employee.
