National Insurance 2023-24

Class 1 NIC

Lower Earnings Limit (LEL)£123 pw
£533 pm
£6,396 pa
Primary Threshold (PT)£242 pw
£1,048 pm
£12,570 pa
Secondary Threshold (ST)£175 pw
£758 pm
£9,100 pa
Upper Earnings Limit (UEL)£967 pw
£4,189 pm
£50,270 pa
Upper Secondary Threshold (UST)£967 pw
£4,189 pm
£50,270 pa
Apprentice Upper Secondary Threshold (AUST) for under 25’s£967 pw
£4,189 pm
£50,270 pa
Veterans Upper Secondary Threshold (VUST)£967 pw
£4,189 pm
£50,270 pa
Freeport Upper Secondary Threshold  (FUST)£481 pw
£2,083 pm
£25,000 pa

Employee Rates

Employee Category Letter
A, F, H, M & VLEL to PT – 0%
PT to UEL – 12%
Above UEL – 2%
J & L & ZLEL to PT – 0%
PT to UEL – 2%
Above UEL – 2%
B & ILEL to PT – 0%
PT to UEL – 5.85%
Above UEL – 2%
C & SLEL to PT – 0%
PT to UEL – 0%
Above UEL – 0%

Employer Rates

Employer Category Letter
A, B, C, & JLEL to ST – 0%
ST – FUST – 13.8%
FUST to UEL – 13.8%
Above UEL – 13.8%
F, I, L & SLEL to ST – 0%
ST – FUST – 0%
FUST to UEL – 13.8%
Above UEL – 13.8%
H, M, V & ZLEL to ST – 0%
ST – FUST – 0%
FUST to UEL – 0%
Above UEL – 13.8%