National Insurance Employer Contributions
in Employment, jobseeking & training
5 replies 151 views
I’ve searched online for an answer to this but haven’t been able to find one, so hoping someone here will be able to help.
Following the spring statement I’m aware that from July the employee threshold for NI contributions is going up to £12,570, to be equal with income tax (at a new rate of 13.25%)
Is that also true of the threshold for employer contributions, i.e will employers only have to pay NI contributions on their employees salaries over £12,570 (at 15.05%).
I’m aware there is also an upper threshold where the percentages would reduce, however are these thresholds the same for employee and employer?
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Up to 5 July, a Class A employee will pay 13.25% on earnings from £9880-50270 then 3.25% on earnings above £50270.
From 6 July, that will change to 13.25% on earnings from £12570-50270 then 3.25% over £50270