Draft legislation National Insurance Contributions Rates, Limits and Thresholds 2014/15
28 January 2014
Draft Regulations have been published confirming the NICs rates, thresholds and limits for the 2014/15 tax year.
We published details from HMRC’s Software Developers Support Team on 18 December and the figures are confirmed as set out below.
|
2014/15 National Insurance thresholds |
|||||
|
|
LEL |
ST |
PT |
UAP |
UEL |
|
Weekly |
£111 |
£153 |
£153 |
£770 |
£805 |
|
2 weekly |
£222 |
£306 |
£306 |
£1,540 |
£1,611 |
|
4 weekly |
£444 |
£612 |
£612 |
£3,080 |
£3,221 |
|
Monthly |
£481 |
£663 |
£663 |
£3,337 |
£3,489 |
|
Annual |
£5,772 |
£7,956 |
£7,956 |
£40,040 |
£41,865 |
The regulations amending the National Insurance contributions rates, thresholds and limits for the 2014-15 tax year come into force on 6 April 2014, subject to approval by Parliament. The draft regulations and explanatory notes can be accessed through the links below.