The National Insurance rates for 2020/21 have now been released by the HMRC.
As in previous years, the employer contribution rate of 13.8% has remained the same. The thresholds have increased slightly, meaning the new National Insurance table looks like this:
|Age bracket||Weekly Earning (£)||Yearly Earnings (£)||Rate (%)|
|21 or over||⩽169||⩽8788||0|
For the full details please visit the .gov website.
This table is now available on SBS Budgets. Instructions on how to apply this to your budget can be found on the dashboard.
Please note: SBS Budgets caters for NI calculations across employees who are under 21. It also accurately calculates NI contributions where an employee holds multiple contracts.
If you have any questions, please contact the service desk on 0345 222 1551 • Option 8, or email email@example.com.
Further SBS support for your school or MAT
Our customers combine the below to suit their finances, staff and vision:
Bringing our expertise to your premises!
Struggling to recruit skilled staff?
Increased workload due to academising?
Need interim mentoring or support for your existing team?
Our onsite school support services include:
- Deploying personnel from our Finance, HR, ICT and MIS teams
- Bespoke training, including mentoring visits for apprentices
- Infrastructure and migration projects
- Audits and strategy reports
- Timetabling consultancy
Our expertise delivered from our offices!
Need peace of mind for adhoc troubleshooting?
Limited desk space in the school office?
Considering outsourcing for sustainable daily school operations?
Our offsite school support services include:
- Service Desk support across Finance, HR, ICT and MIS for adhoc troubleshooting and advice
- Remote Managed Services for sustainable day-to-day operations
- Hardware and software procurement
- Payroll management
- Webinars and remote 1-1 training