*Nil rate of employer NIC for employees under the age of 21 and apprentices under 25, up to £967pw.
For directors the employee NIC threshold for 2022/23 is £11,908.
Employer contributions (at 15.05%) are also due on most taxable benefits (Class 1A) and on tax paid on an employee’s behalf under a PAYE settlement agreement (Class 1B).
There will be a new 1.25% Health and Social Care Levy for employees and employers from 2023/24.
* No class 2 contributions are due where profits fall between £6,725 and £12,570.
