What's changing?From 6 July, the National Insurance threshold has increased, which means employees must earn £12,570 per year before paying National Insurance. The new thresholds are:
| Weekly (£) | Monthly (£) | Yearly (£) | | Lower earning limit (LEL) | 123.00 | 533.00 | 6,396.00 | | Secondary Threshold (ST) | 175.00 | 758.00 | 9,100.00 | | Primary Threshold (PT) | 242.00 | 1,048.00 | 12,570.00 | | Directors Primary Threshold | 229.00 | 992.00 | 11,908.00 |
- Click Company, then click Legislation.
- Click the NI tab.
- Find the dropdown box next to NI bandwidths and rates effective from.
- Set this to 06/07/2022 to view the new legislation.
 TIP: This dropdown doesn't affect which thresholds your software uses in calculations. Your software applies the correct legislation automatically.
TIP: Read about how the new thresholds work > [BCB:191:UKI - #GetMoreFeedback:ECB] |