The Employers National Insurance Contributions Calculator is configured to calculate National Insurance Contributions calculations for the 2023/24 tax year.
This Employers NIC's Calculation is for an employee earning £ 12,250.00 per annum in 2023/24. Each National Insurance Contributions calculation provides a full breakdown of Employee and Employer NIC's, so that you have a true cost for an employee on an annual gross salary of £ 12,250.00. Staff costs are not just salaries, Employers National Insurance Contributions are applied in addition to an employee's salary and are payable each month. This is a generic Employer NIC's example, you can add specific Salary Sacrifice and pension amounts etc. using the 2023 Salary and Tax Calculator, alternatively if you wish to calculate the employer NI on several employees, you will find this Employer NI calculator useful.
National Insurance Contributions (NICs) in 2023 are payable by all individuals who:
National Insurance Contributions (NICs) are composed of two elements, the amount contributed by you, the employee and the amount contributed by your employer. This are referred to as:
National Insurance Contributions (NICs) are calculated using a combination of:
Based on the information provided (you can change the settings in the advanced calculator as required) we have calculated your National Insurance Contributions using:
Class 1 Employees earning more than £242.00 a week and under State Pension age - they're automatically deducted by your employer
Class 1A or 1B Employers pay these directly on their employee's expenses or benefits
|£11,637.50||Adjusted income (allowing for Salary Sacrifice and Pensions)|
|-||£9,100.00||Weekly Secondary Threshold (ST) (52 x £175.00)|
|=||£2,537.50||Amount subject to Secondary Threshold National Insurance Contributions in 2023|
|x||13.8%||Employer's Class 1 contribution rate above Secondary Threshold|
|=||£350.18||Your employer NICS in 20231|
|1 Employers can claim up to £5,000.00 off the NIC bill in 2023 using the Employment Allowance scheme. You must have more than one employee and pay class 1 National Insurance Contributions. You can also claim Employment Allowance if you employ a care or support worker. The Employment allowance is not shown in this illustration due to the variance of amounts dependant on number of employees / means of claiming the allowance.|
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The Employers National Insurance Contributions calculation includes a graphical overview detailing the percentage breakdown so you can view the breakdown of each staff overhead and see the true cost of maintaining your Permanent Employees. The National Insurance calculator is updated for 2023/24 tax year and uses the 2023/24 tax thresholds and allowances as default to produce the National Insurance Calculation. Our suite of payroll calculators also provides PAYE, tax and graphical illustrations. You can view examples of the payroll calculations for an employee earning £ 12,250.00 below.
If you have never really looked at your payslip or perhaps it's your first job and the first time you have looked at a payslip, it is worth spending a few minutes getting to know what the different deductions and payroll details are. Understanding your payslip and payroll deductions allows you to identify potential errors and know what to do when mistakes are made so you can claim back any overpaid tax. The guides below are easy to read and designed to provide a basic understanding of payslip and payroll deductions.