AAziz & Co.
National Wage Rates from April 2022
- Age under 18: £4.81
- Age between 18 to 20: £6.83
- Age between 21 to 22: £9.18
- Age 23 and over: £9.5
- Apprentice: £4.81
Class 1 National Insurance Threshold from April 2022
Lower Earnings Limit (LEL):
- £123 per week
- £533 per month
- £6,396 per year
Primary Threshold/Employee Threshold:
From 6th April 2022 to 05th July 2023:
- £190 per week
- £823 per month
- £9,880 per year
From 6th July 2022 to 05th April 2023:
£242 per week
£1,048 per month
£12,570 per year
Secondary Threshold/Employer Threshold:
- £175 per week
- £758 per month
- £9,100 per year
Upper Earning Limit (UEL):
- £967 per week
- £4,189 per month
- £50,270 per year
How much NI will the employee and employer pay?
Employee’s National Insurance Contributions will be: 13.25%
Employer’s National Insurance Contributions will be: 15.05%
Personal Allowance is £12,570 per year. However, it varies on your tax code.
The pension Threshold is £833/month. An employee must be auto-enrolled into a workplace pension scheme if he’s earning more than £833 a month.
National Insurance Threshold is £823 a month. Employee earnings above £823 are subject to National Insurance Contributions.
For more information, please visit this link.
