The Social Security (Contributions) (Rates, Limits and Thresholds Amendments and National Insurance Funds Payments) Regulations, SI 2023/236, increase the flat-rate weekly amounts of Class 2 and 3 NICs from 6 April 2023 as follows, and confirm that Class 1 earnings limits and thresholds are unchanged:
Class 2 contributions:
flat rate: £3.45 per week (increased from £3.15); and
lower profits threshold £12,570 (increased from £11,908).
Class 3 contributions:
flat rate: £17.45 per week (increased from £15.85).
Class 1 contributions:
lower earnings limit: £123 (unchanged);
primary threshold: £242 (unchanged); and
secondary threshold: £175 (unchanged).
The upper earnings limit, and upper secondary thresholds for the under 21s, relevant apprentices, qualifying veterans, and freeport tax site employees remain unchanged at £967 per week.
The Social Security (Contributions) (Rates, Limits and Thresholds Amendments and National Insurance Funds Payments) Regulations, SI 2023/236, increase the flat-rate weekly amounts of Class 2 and 3 NICs from 6 April 2023 as follows, and confirm that Class 1 earnings limits and thresholds are unchanged:
Class 2 contributions:
flat rate: £3.45 per week (increased from £3.15); and
lower profits threshold £12,570 (increased from £11,908).
Class 3 contributions:
flat rate: £17.45 per week (increased from £15.85).
Class 1 contributions:
lower earnings limit: £123 (unchanged);
primary threshold: £242 (unchanged); and
secondary threshold: £175 (unchanged).
The upper earnings limit, and upper secondary thresholds for the under 21s, relevant apprentices, qualifying veterans, and freeport tax site employees remain unchanged at £967 per week.
