The UK has published the Health and Social Care Levy Act 2021, which received royal assent (was enacted) on 20 October 2021. The legislation provides for the introduction of a new Health and Social Care Levy equal to 1.25% on the amount of earnings or profits in respect of which national insurance contributions (NICs) are payable. The 1.25% levy also applies on the amount of earnings or profits in respect of which NICs would be payable if pension age restriction provisions are ignored. Proce…