The discounts
A discount of 5% per annum is again available for employers who pay their full year's premium by 31 August 2021.
A discount of 3% per annum is also available to employers who wish to continue to pay their premium in full by 1 October 2021.
To qualify for the 5% discount employers must:
- pay any outstanding balance from 2020/21 (or previous years) and
- pay their full 2021/22 premium (less the 5% discount) by 31 August 2021
To qualify for the 3% discount employers must:
- pay any outstanding balance from 2020/21 (or previous years) and
- pay their full 2021/22 premium (less the 3% discount) by 1 October 2021
Information on ways to pay your premium will be set out in your premium notice.