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Freeport National Insurance rates

Created on  | Last modified on 

Summary

Freeport national insurance bands in Sage 50 Payroll.

Description

Legislation was first introduced in 2022/23 tax year and gives Employers NICs relief when employing individuals that work within a Freeport area.


Eligibility

  • The employee must work at a physical premises within a Freeport Tax Site, and must spend at least 60% of their working time at that site.
  • The employee must be a new hire after 6 April 2022 and must not have been previously employed by the same employer in the previous 24 months.
  • The employee is no longer be eligible after 36 months of employment.

Qualifying employees

On the Employment tab in the employee record, you should assign qualifying employees one of four NI categories - F, I, S, L.

TIP: These are the equivalent categories to A, B, C and J.

NI Category F Rates

From 6 January 2024 to 5 April 2024


Employee Rate (%)Employer Rate (%)
LEL up to ST0.000.00
St to PT0.000.00
PT to FUST10.000.00
FUST to UEL/ UST/AUST/VUST10.0013.8
Excess of UEL/ UST/AUST/VUST2.0013.8

Further information

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