PAYROLL - 13.12.2023

NI: changes, extensions and freezes

From 6 January 2024 employees will pay Class 1 NI on weekly earnings between £242 to £967 at a rate of 10%, instead of 12%. The lower earnings limit remains £6,396 for 2024/25. Employers’ NI relief for those who employ veterans is extended until 5 April 2025.

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