Income tax and National Insurance proposals for 2011/12Friday, February 25th, 2011
On 15 February, the Treasury Minister announced that no changes are proposed to income tax allowances and rates and Class 1 NICs rates for the tax year commencing 6 April 2011.
The changes to NICs thresholds are proposed as follows:
- lower earnings limit, from £97 to £102 per week
- upper earnings limit, from £730 to £750 per week
- primary and secondary thresholds, from £110 to £115 per week (£5,715 to £5,980 per annum.