National Insurance Contributions: Abolition Of Employer Contributions For Apprentices Under 25 - Gov.uk
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National Insurance Contributions: Abolition Of Employer Contributions For Apprentices Under 25 - Gov.uk. From april 2015 employers were no longer required to pay class 1 secondary national insurance contributions (nics)1 on earnings up to a certain limit2 for. They must be under 25 years old and following an approved uk government statutory apprenticeship framework (frameworks can differ depending on the uk country).
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If you employ an apprentice under the age of 25, you may no longer have to pay employer class 1 national insurance contributions on their earnings up to the new apprentice upper secondary threshold. Eur 6,091 is the maximum amount of employer national insurance savings, corresponding to an apprentice pay of eur 54,000. Hmrc has published guidance for employers which. Under the new regulations, employers of apprentices will not have to pay secondary class 1 ni as long as the apprentice’s pay does not exceed the apprentice upper secondary threshold (aust). This is a guide for employers on changes to national insurance contributions for apprentices aged under 25 applying from april 2016. The measure will abolish employer nics for employees under the age of 21 earning up to nics uel in any pay period. The exemption works by allowing the employer to pay a 0% rate of employer’s nic on earnings between the secondary threshold (when employer’s nic usually. From april 2015 employers were no longer required to pay class 1 secondary national insurance contributions (nics)1 on earnings up to a certain limit2 for. Class 1 primary contributions for. They must be under 25 years old and following an approved uk government statutory apprenticeship framework (frameworks can differ depending on the uk country).
From 6 april 2016, if you employ an apprentice you may not need to pay employer class 1 ni contributions on their earnings below £827 a week (£43,000 a year). General description of the measure from april 2016 employers of apprentices under the age of 25 will no longer be required to pay secondary class 1 (employer) national insurance contributions (nics) on earnings up to the upper earnings limit (uel), for those employees. Class 1 primary contributions for. The exemption works by allowing the employer to pay a 0% rate of employer’s nic on earnings between the secondary threshold (when employer’s nic usually. And taking part in a statutory apprenticeship is effectively exempt from paying employer’s national insurance contributions (nic). This is up to a 13.8% saving on everything the apprentice earns. Once payments exceed the ust, normal class 1 secondary nics are paid. 6 april sees the introduction of two new ni table letters to be used for apprentices under the age of 25. Reducing the fiscal burden of employer nics will support youth employment. Paying employer national insurance contributions for apprentices under 25. This is a guide for employers on changes to national insurance contributions for apprentices aged under 25 applying from april 2016.
