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Latest revisions of the NI regime for employees and employers
KEY POINTS
- Contracted out National Insurance is completely abolished from 6 April 2016 and liabilities will rise.
- Do employers or their agents know the scheme contracted out number for entry on RTI full payment submissions?
- From 6 April 2014 many employers have been entitled to the £2 000 employment allowance.
- Limited abolition of employer’s National Insurance for employees aged under 21 from 6 April 2015.
- From 6 April 2016 there will be a new National Insurance exemption for apprentices.
National Insurance has undergone a series of changes in recent years and this has kept employers on their toes.
The abolition of contracting out for money purchase pensions on 6 April 2012 has meant that National Insurance categories F G and S are no longer used.
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