Statutory payment recovery rates 2016-17
18 December 2015
HMRC's Statutory Payments team has confirmed that the statutory payment recovery rates and National Insurance contributions threshold will remain the same for 2016-17:
- 92% if the total Class 1 NICs (both employee and employer contributions) are above £45,000 for the previous tax year
- 100% plus an additional 3% (NIC compensation rate) if the total Class 1 NICs for the previous tax year are £45,000 or lower.
At the beginning of December HMRC also confirmed that the proposed statutory rates for adoption pay, maternity pay, paternity pay, shared parental pay and sick pay are to remain the same for 2016-17.