National Insurance Contributions: Earnings Limits
(asked on 25th March 2022) - View Source
Question to the HM Treasury:
To ask Her Majesty's Government what the lower earnings limit for National Insurance will be set at for the years 2022–23; and whether any changes are proposed from July 2022.
This question was answered on 5th April 2022
As set out in The Social Security (Contributions) (Rates, Limits and Thresholds Amendments and National Insurance Funds Payments) Regulations 2022, the Lower Earnings Limit will be £123 per week in 2022-23. The threshold is not impacted by changes announced at Spring Statement 2022, so will remain at this level throughout the 2022-23 tax year.
As set out in The Social Security (Contributions) (Rates, Limits and Thresholds Amendments and National Insurance Funds Payments) Regulations 2022, the Lower Earnings Limit will be £123 per week in 2022-23. The threshold is not impacted by changes announced at Spring Statement 2022, so will remain at this level throughout the 2022-23 tax year.