The new 2018/19 National Insurance table is now available for you to apply to your budgets.
From April 2018, the employer contribution rate of 13.8% will remain the same, but the thresholds have been increased.
Instructions on how to apply the new table to your budget scenarios can be found on the SBS Online dashboard page under ‘Latest news’.
Remember that SBS Online caters for NI calculations across for employees who are under 21. It also accurately calculates NI contributions where an employee holds multiple contracts.
This is a summary of the new thresholds:
|Age bracket||Weekly Earning (£)||Yearly Earnings (£)||Rate (%)|
|21 or over||⩽162||⩽8424||0|
For full details about National Insurance from April 2018, please visit the Gov.uk website.
If you have any questions about National Insurance or anything else, please call our Service Desk on 0345 222 1551 • Option 8.