These documents detail changes to the National Insurance Contributions Bill for 2013.
These documents provide further information on -
- Partnerships Review - Class 4 contributions (AIFMs) and limited liability partnerships (salaried members)
- A commentary on amendments
Abolition of employers National Insurance contributions for the under 21s.
This document examines the abolition of employer Class 1 secondary National Insurance Contributions (NICs) for employees under the age of 21 earning up to the Upper Earnings Limit (UEL). The policy complements other government policies that seek to encourage youth employment and boost economic development.
Under proposals and subject to earnings up to the UEL, employers who employ or engage employees under the age of 21 at or after 6 April 2015 will not be required to pay employer NICs on the earnings they pay to those employees. The UEL in 2015 to 16 is expected to be £813 per week (annual equivalent £42,285).