12 AUTUMN STATEMENT l 17 November 2022 NATIONAL INSURANCE CONTRIBUTIONS 2022/23 Class 1 Employee – Primary Employer – Secondary 1 6/4/22–5/7/22 £190-£967 pw: 13.25% Over £967 pw: 3.25% Over £175 pw: 15.05% 6/7/22–5/11/22 £242-£967 pw: 13.25% Over £967 pw: 3.25% Over £175 pw: 15.05% 6/11/22–5/4/23 £242-£967 pw: 12.00% Over £967 pw: 2.00% Over £175 pw: 13.80% Director – Primary Director – Secondary 1 2022/23 £11,908-£50,270 pa: 12.73% Over £50,270 pa: 2.73% Over £9,100 pa: 14.53% 1. No employer NICs on the first £967pw for employees generally under 21 years, apprentices under 25 years and veterans in first 12 months of civilian employment. No employer NICs on the first £481pw for employees at freeports in Great Britain in the first three years of employment starting from 6 April 2022 Employment allowance Per business £5,000 Not available if the sole employee is a director or employer’s NICs for 2021/22 £100,000 or more. Earnings limits and thresholds Weekly Annual Lower earnings limit £123 £6,396 Primary threshold £242 2 £12,570 3 Primary threshold for company directors N/A £11,908 Secondary threshold £175 £9,100 Upper earnings limit (and upper secondary thresholds for younger/ veteran employees) £967 £50,270 Upper secondary threshold for freeport employees £481 £25,000 2. £190 pw before 6 July 2022 3. £9,880 before 6 July 2022 Class 1A Employer On car and fuel benefits and most other taxable benefits provided to employees and directors 14.53% pa Class 2 Self-employed Flat rate £3.15 pw £163.80 pa Small profits threshold £6,725 pa Lower profits limit £11,908 pa Class 4 Self-employed On profits £11,908–£50,270 9.73% pa Over £50,270 2.73% pa Voluntary Class 3 flat rate £15.85 pw £824.20 pa
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