New NI primary threshold comes into effect
05 July 2022
As announced in the spring statement in March, the primary threshold (PT) for National Insurance (NI) calculations changes on 6 July 2022. Any NI calculations on payments made from today must be calculated based on the new threshold.
From 6 April 2022 to 5 July 2022, the PT was £9,880, which is equivalent to £823 per month or £190 per week.
From 6 July 2022, the PT is £12,570, which is equivalent to £1,048 per month or £242 per week.
For directors, the PT for 2022/23 is £11,908 (13 weeks at £9,880 and 39 weeks at £12,570).
It is important that before making any payments, payroll professionals confirm with their payroll software provider that software updates have been made to account for the new PT.
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