New National Insurance rates from April 2024

Employee

Changes to NI rates this will affect employees take home pay with the main rate being reduced from 10% to 8%, this rate is deducted after the primary threshold is reached on each pay run. The thresholds have remained the same from 2023/2024.

Primary threshold

£242 a week, £1047.50 a month and £12,570 a year - which is also the same for personal tax allowance.

Employer

This percentage has remained unchanged at 13.8% after the secondary threshold.

Secondary threshold

£175 a week, £758 a month, £9100 a year

Employment Allowance if eligible is the same at £5,000.