2022 Tax rates and bands – National Insurance
Posted on 8th July 2022 at 11:12
Class 1, from 6 April 2022 (current position)
The primary threshold increased from £184 to £190 per week. This is the amount at which an employee is required to make contributions and equates to £9,880 per year.
The secondary threshold increased from £170 to £175 per week. This is the amount at which an employer is required to make contributions, equating to £9,100 per year.
The upper earnings limit remains unchanged at £967 per week or £50,270 annually and this is the same for both employees and employers.
Employee rates will now be subject to a 1.25% Health and Social care levy and so are 0% up to the primary threshold, 13.25% for earnings between the primary threshold and upper earnings limit and 3.25% for income over that.
This levy is also applied to employers and so the rates are 0% up to the secondary threshold and 15.05% for income over that.
Employment allowance (per employer) will be increased from £4,000 to £5,000 per year but smaller businesses only i.e. Employer NI bill of £100,000 or more in the previous year will not be able to claim it.
If you have any queries about your National Insurance allowances please contact us here.
2022 Tax Rates and bands - National Insurance
Announcement from the Government Spring Update
Class 1, from 6 April 2022 (current position)
The primary threshold increased from £184 to £190 per week. This is the amount at which an employee is required to make contributions and equates to £9,880 per year.
The secondary threshold increased from £170 to £175 per week. This is the amount at which an employer is required to make contributions, equating to £9,100 per year.
The upper earnings limit remains unchanged at £967 per week or £50,270 annually and this is the same for both employees and employers.
Employee rates will now be subject to a 1.25% Health and Social care levy and so are 0% up to the primary threshold, 13.25% for earnings between the primary threshold and upper earnings limit and 3.25% for income over that.
This levy is also applied to employers and so the rates are 0% up to the secondary threshold and 15.05% for income over that.
Employment allowance (per employer) will be increased from £4,000 to £5,000 per year but smaller businesses only i.e. Employer NI bill of £100,000 or more in the previous year will not be able to claim it.
If you have any queries about your National Insurance allowances please contact us here.
Heading
Class 1, from 6 April 2022 (current position)
The primary threshold increased from £184 to £190 per week. This is the amount at which an employee is required to make contributions and equates to £9,880 per year.
The secondary threshold increased from £170 to £175 per week. This is the amount at which an employer is required to make contributions, equating to £9,100 per year.
The upper earnings limit remains unchanged at £967 per week or £50,270 annually and this is the same for both employees and employers.
Employee rates will now be subject to a 1.25% Health and Social care levy and so are 0% up to the primary threshold, 13.25% for earnings between the primary threshold and upper earnings limit and 3.25% for income over that.
This levy is also applied to employers and so the rates are 0% up to the secondary threshold and 15.05% for income over that.
Employment allowance (per employer) will be increased from £4,000 to £5,000 per year but smaller businesses only i.e. Employer NI bill of £100,000 or more in the previous year will not be able to claim it.
If you have any queries about your National Insurance allowances please contact us here.
Heading
Class 1, from 6 April 2022 (current position)
The primary threshold increased from £184 to £190 per week. This is the amount at which an employee is required to make contributions and equates to £9,880 per year.
The secondary threshold increased from £170 to £175 per week. This is the amount at which an employer is required to make contributions, equating to £9,100 per year.
The upper earnings limit remains unchanged at £967 per week or £50,270 annually and this is the same for both employees and employers.
Employee rates will now be subject to a 1.25% Health and Social care levy and so are 0% up to the primary threshold, 13.25% for earnings between the primary threshold and upper earnings limit and 3.25% for income over that.
This levy is also applied to employers and so the rates are 0% up to the secondary threshold and 15.05% for income over that.
Employment allowance (per employer) will be increased from £4,000 to £5,000 per year but smaller businesses only i.e. Employer NI bill of £100,000 or more in the previous year will not be able to claim it.
If you have any queries about your National Insurance allowances please contact us here.
Class 1, from 6 April 2022 (current position)
The primary threshold increased from £184 to £190 per week. This is the amount at which an employee is required to make contributions and equates to £9,880 per year.
The secondary threshold increased from £170 to £175 per week. This is the amount at which an employer is required to make contributions, equating to £9,100 per year.
The upper earnings limit remains unchanged at £967 per week or £50,270 annually and this is the same for both employees and employers.
Employee rates will now be subject to a 1.25% Health and Social care levy and so are 0% up to the primary threshold, 13.25% for earnings between the primary threshold and upper earnings limit and 3.25% for income over that.
This levy is also applied to employers and so the rates are 0% up to the secondary threshold and 15.05% for income over that.
Employment allowance (per employer) will be increased from £4,000 to £5,000 per year but smaller businesses only i.e. Employer NI bill of £100,000 or more in the previous year will not be able to claim it.
If you have any queries about your National Insurance allowances please contact us here.
Tagged as: 2022, allowances, employees, employers, National Insurance allowance, personal tax allowance, sole traders
Share this post: