The statutory payments (National Insurance rates and thresholds and Statutory Payment rates) have been confirmed and published by HMRC for the 22/23 tex year.
The Lower Earnings Limit (LEL) will rise to £123 per week.
The first six weeks of Statutory Maternity Pay (SMP) and Statutory Adoption ay (SAP) will remain as 90% of the employee’s average weekly earnings.
From week seven - thirty nine , the statutory weekly rate will be 90% of the employee’s average weekly earnings or £156.66, whichever is lower.
For Statutory Paternity Pay (SPP), Statutory Shared Parental Pay (ShPP) and Statutory Parental Bereavement Pay (SPBP) the payment will be 90% of the employee’s average weekly earnings or £156.66, whichever is lower.
National Minimum Wage Bands | 2022/23 Rates |
Aged 23 and over (National Living Wage) | £9.50 |
Age 21-22 | £9.18 |
Age 18-20 | £6.83 |
Apprentice | £4.81 |
Under 18 | £4.81 |
Statutory Adoption Pay | 2022-23 Rates |
Earnings threshold | £123 |
Standard rate | £156.66 |
Statutory Maternity Pay | 2022-23 Rates |
Earnings threshold | £123 |
Standard rate | £156.66 |
Statutory Paternity Pay | 2022/23 Rates |
Earnings threshold | £123 |
Standard rate | £156.66 |
Statutory Shared Parental Leave | 2022/23 Rates |
Earnings threshold | £123 |
Standard rate | £156.66 |
Statutory Sick Pay | 2022/23 Rates |
Earnings threshold | £123 |
Standard rate | £99.35 |
National Insurance Contributions 2022/23 (NIC):
Certain NIC rates will increase by 1.25 % from April 2022 due to the health and social care levy announced by the government.
Most employees currently pay 12% of their income between £9,568 and £50,270 each year in national insurance, and 2% of income above £50,270.
From 6 April 2022, employees will pay 13.25% instead of 12% and 3.25% instead of 2%. This equates to a rise of 10.4% in the national insurance that most employees pay.
The 1.25% levy will be paid by all working adults, including workers over the state pension age.
The levy will apply to class 1 NICs paid by employees and class 4 NICs paid by self-employed workers and will be administered by HM Revenue & Customs and collected via the current channels for NICs: pay-as-you-earn and income tax self-assessment.
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