National Insurance Thresholds and Rates 2013/14

Tuesday, December 11th, 2012

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Further to our Autumn Statement ‘special’ last week, HMRC have advised all of the National Insurance thresholds that will apply from the new tax year:

 

 

NICs Thresholds Weekly Fort-nightly Four-weekly Monthly Yearly
Lower Earnings Limit (LEL) 12/13 £107 £214 £428 £464 £5,564
13/14 £109 £218 £436 £473 £5,668
Primary Threshold (PT) 12/13 £146 £293 £585 £634 £7,605
13/14 £149 £299 £597 £646 £7,755
Secondary Threshold (ST) 12/13 £144 £288 £576 £624 £7,488
13/14 £148 £296 £592 £641 £7,696
Upper Accrual Point (UAP) * £770* £1,540 £3,080 £3,337 £40,040*
Upper Earnings Limit (UEL 12/13 £817 £1,634 £3,268 £3,540 £42,475
13/14 £797 £1,595 £3,189 £3,454 £41,450
  • Note that the UAP is a fixed value and does not change each year

Rates are unchanged from 2012/13:

Employer Contributions  Not  Contracted-out

Contracted-Out Salary Related Schemes

Table Letters A, B, C and J D, E and L
Earnings up to LEL NIL NIL
Earnings between LEL and ST 0% 0%, less 3.4% rebate
Earnings between ST and UAP 13.8% 10.4%
Earnings between UAP and UEL 13.8% 13.8%
Earnings above UEL 13.8% 13.8%

 

Employee Contributions  Not  Contracted-out Contracted-Out Salary Related Schemes
Table Letters A B J D E L
Earnings up to LEL NIL NIL NIL NIL NIL NIL
Earnings between LEL and PT 0% 0% 0% 0% less 1.4% rebate 0% 0% less 1.4% rebate
Earnings between PT and UAP 12% 5.85% 2% 10.6% 5.85% 2%
Earnings between UAP and UEL 12% 5.85% 2% 12% 5.85% 2%
Earnings above UEL 2% 2% 2% 2% 2% 2%
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