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Category | Weekly Earnings £ | Percentage |
|---|---|---|
Employee | ||
A,M/H/F/V | Earnings up to 190 Earnings between 190 - 967 Above Remaining earnings above 967 | 0 13.25 3.25 |
B/I | Earnings up to 190 Earnings between 190 - 967823 - 4189 Remaining earnings above 967 | 0 7.1 3.25 |
C/S | All earnings | 0 |
J/L/Z | Earnings up to 190 Earnings of 190 and above | 0 3.25 |
Employer | ||
A/B/C/J | Earnings up to 175 and Earnings above 175 | 0 15.05 |
M/Z/H/V | Above 967Earnings up to 967 Earnings above 967 | 0 15.05 |
F/I/S/L | Earnings up to 489 and Earnings above 489 | 0 15.05 |
This table gives an example of what the increase will mean in monetary terms comparing to 2021/2022 tax year.
NI Category | Weekly Earnings £ | 2021/2022 | 2022/2023 | ||
|---|---|---|---|---|---|
Employee | Employer | Employee | Employer | ||
A | 400 | 25.92 | 31.74 | 27.82 | 33.86 |
1000 | 94.62 | 114.54 | 104.02 | 124.16 | |
M/H | 400 | 25.92 | 0 | 27.82 | 0 |
1000 | 94.62 | 4.55 | 104.02 | 4.97 | |
Veteran National Insurance
Following on from 2021-2022 where employers were given additional relief for recruiting veterans from the armed forces, the HMRC has provided a separate National Insurance category to use so that the relief to employer National Insurance can be given directly in the payroll. If a veteran is employed, there is significant cost saving for the employer for the first year of the veteran’s civilian employment. The table below gives an example of the savings comparing A category to V category:
NI Category | Earnings (Weekly) | Employee Contribution | Employer Contribution |
A | 800.00 | 80.82 | 94.06 |
V | 800.00 | 80.82 | 0.00 |
A | 1000.00 | 104.02 | 124.16 |
V | 1000.00 | 104.02 | 4.97 |
Please refer to this page to obtain more information about the qualification for operating veteran National Insurance. The information below describes the changes in FastTrack360 for using the newly provided category.
Payee Screen - HMRC Details
The National Insurance category list will now display the option of ‘V'.
When selecting the category of 'V', a new field will display labelled First Civilian Employment Date. This field must be entered when selecting this particular category.
Pay Period Close
The pay period close in the Pay Group maintenance screen has the functionality to update a payee’s NI category based on their age as at the next period’s pay date. This has been enhanced to update the payee’s NI category to an age appropriate category at 1 year anniversary of the payee’s first civilian employment date.