Rates & Thresholds at a Glance 2023-24


Tax Rates and Thresholds

 


 

 

 

 

 

 

 

Emergency Tax

 

The emergency tax codes from 6th April 2023 are:
 

 

 

Class 1 National Insurance Thresholds

 

 

 

Class 1 National Insurance Rates

 

Employee (primary) contribution rates:


 

 

 Employer (secondary) contribution rates:

 

 

 

Class 1A National Insurance Rate for Expenses and Benefits

 


Class 1A National Insurance Rate for Termination Awards and Sporting Testimonials

 

 

Statutory Payments

 

 

 

 

 

Statutory Sick Pay (SSP)

 


The same weekly SSP rate applies to all employees. However, the amount you must actually pay an employee for each day they’re off work due to illness (the daily rate) depends on the number of ‘qualifying days’ (QDs) they work each week.

 

 

 

 Student loan and Postgraduate loan recovery

 

Need help? Support is available at 0345 9390019 or [email protected].

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