NI modification for 2023-24

4750. NI modification for 2023-24

National Insurance Contributions(NIC) Rates for the tax year 2023-24 are shown in below tables.

Employee NI Rates expressed as percentage

National Insurance category letter	Earnings at or above LEL upto and including PT	Earnings above PT up to and including UEL	Balance of earning above UEL
A	0	12	2
B	0	5.85	2
C	NIL	NIL	NIL
F(Freeport)	0	12	2
H (apprentice under 25)	0	12	2
I(Freeport - married women and widows reduced rate)	0	5.85	2
J	0	2	2
L(Freeport - deferment)	0	2	2
M (under 21)	0	12	2
S (Freeport - state pensioner)	NIL	NIL	NIL
V (veteran)	0	12	2
Z (under 21 - deferment)	0	2	2

Employer NI Rates expressed as percentage

National Insurance category letter	Earnings at or above LEL upto and including ST	Earnings above ST up to and including Freeport upper ST	Earnings above Freeport upper ST up to and including UEL/UST for under 21s,apprentices and veterans	Balance of earning above UEL/UST for under 21s, apprentices and veterans
A	0	13.8	13.8	13.8
B	0	13.8	13.8	13.8
C	0	13.8	13.8	13.8
F(Freeport)	0	0	13.8	13.8
H (apprentice under 25)	0	0	0	13.8
I(Freeport - married women and widows reduced rate)	0	0	13.8	13.8
J	0	13.8	13.8	13.8
L(Freeport - deferment)	0	0	13.8	13.8
M (under 21)	0	0	0	13.8
S(Freeport - state pensioner)	0	0	13.8	13.8
V(veteran)	0	0	0	13.8
Z (under 21 - deferment)	0	0	0	13.8

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