The rates of primary class 1 NIC paid by employees are increasing on 6 April 2022 from 12% to 13.25% and from 2% to 3.25% for the upper rate. The lower earnings limit (LEL) has not been changed from the proposed level for 2022/23, which will be: £123 per week, £533 per month, £6,396 per year. For 2022/23 the point at which the self-employed person starts to pay Class 2 NICs will increase to £11,908. This means those with profits between the Small Profits Threshold and the Lower Profits Limit will not pay Class 2 NICs, but will still be able to access entitlement to contributory benefits. 20 December 2022. The Class 2 and 4 National Insurance rates have been updated for 2022 to 2023. 6 November 2022. The Class 1, 2 and 4 National Insurance rates have been updated for For the tax year 2022-23, there is no NI payable on profits of up to £11,908. The national insurance rates for 2022-23 are affected with an increase of 1.25% levy (announced in Autumn budget 2021). You can download the ACCA budget guide for all applicable current rates and allowances. The rate from 6 April 2023 to 5 April 2024 on expenses and benefits is 13.8%. They must also pay Class 1A on some other lump sum payments, for example redundancy payments . HMRC has detailed National Insurance rates and thresholds for 2022-23 confirmed. 03 November 2021. HMRC has confirmed the 2022-23 National Insurance (NI) rates in an email to software developers. The tables below show the earnings thresholds and the contribution rates. Earnings Thresholds lMbbVxS.

nic rates for 2022 23