National Insurance threshold set to change


July 5th, 2022

From Wednesday 6 July 2022 the threshold for National Insurance is changing.

The change will see the Primary Threshold increasing to fall in line with the emergency tax code of 1257L.

Therefore the threshold will be changing from £823 to £1,048 per month.

National Insurance is calculated at a percentage over the Primary Threshold. Anything earned above that threshold is NI deductible.

The change in threshold means that an employee at the university can earn up to £1,048 a month without paying National Insurance.

As the previous threshold was £823, this change means that anyone earning above £823 a month will see a reduction in their National Insurance Contributions.

Tags: ,

Leave a Reply

Other

Trusted Research update: changes to technologies requiring an export control licence

The UK Government has issued an updated UK Strategic Control List, introducing additional export control measures […]

Adelaide-Nottingham Alliance: join Vice-Chancellors at event celebrating global partnership

Staff, students and researchers are invited to join the Vice-Chancellors of the University of Nottingham and […]