Lower earnings limit for national insurance contributions increases

Implementation date: 6 April 2022

The Social Security (Contributions) (Rates, Limits and Thresholds Amendments and National Insurance Funds Payments) Regulations 2022 (SI 2022/232) set the rates, limits and thresholds for the purpose of calculating national insurance contributions (NICs) for the tax year beginning 6 April 2022. They provide that the lower earnings limit for primary Class 1 NICs increases to £123 per week.