nick venedi

Wednesday 9 February 2011

National Insurance contribution changes

The changes to NI contributions mean that the primary employee threshold for national insurance contributions increases by £570.

At the same time National insurance contributions increase by 1% for employees. The personal allowance for income tax for basic rate tax payers under the age of 65 is increased by £1,000.

The standard rate of statutory sick pay increases from £79.15 to £81.60 per week. Information on the new rates (PDF format, 232K) can be viewed on the Department for Work and Pensions website.

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