National Insurance Thresholds
As part of the Spring Statement 2022, the UK government announced an increase in National Insurance thresholds affecting the 2022 to 2023 tax year. For employers, the threshold changes will take effect from July 6 meaning employees will pay National Insurance contributions on less of their income.
The Primary threshold from July 6, 2022 to April 5, 2023 will be £242 per week and £1,048 per month, equivalent to £12,570 per year (increased from £9,880 per year).
See the guidance Rates and thresholds for employers 2022 to 2023, ‘Class 1 National Insurance thresholds’ for further information.