Mind concerned about impact of National Insurance increase on local Minds
Last week's budget set out an increase to National Insurance contributions for employers. Contributions will rise from 13.8% on salaries over £9,100 to 15% on salaries above £5,000 from April next year.
This will have a significant impact on charity finances - and unlike the public sector and the NHS, charities aren't exempt.
Dr Sarah Hughes, CEO of Mind, said:
"Charities provide vital services and support within communities, many of these are funded through statutory commissioning. We all know that over the last decade especially these contracts have become harder to deliver, the driving down of price also driving down choice and quality. The greatest burden of this is sadly carried by the people who need us most.
"Across the Mind federation the implications of the NIC rise is eye-watering, at a time when we are trying to direct every penny towards delivering the best support. As not for profit organisations we are asking for the government to reconsider the implications for us, and ultimately our ability to support our populations mental health.
"We want to do our bit to create a mentally healthy society, that includes ploughing everything we have into it, but we need the government to recognise this huge investment and not destabilise further by mounting costs we simply cannot continue to subsidise. We need a fair funding settlement, not another hefty bill."
