Below outlines some of the changes that are coming in the 2022/2023 New Tax Year and what Roubler is doing to help.
National Insurance categories
What's changing?
From 6 April 2022, the rates for all National Insurance categories will be increasing by 1.25%.
For information on the latest rates, visit https://www.gov.uk/guidance/rates-and-thresholds-for-employers-2022-to-2023
What do you need to do?
The UK Government has advised all employers to include a note on payslips, advising employees of the change in contribution rates.
These changes will be automatically reflected in your Roubler Pay system.
National Minimum Wage and National Living Wage
What's changing?
From the pay period starting on or after 1 April 2022, the National Minimum Wage and National Living Wage will be increasing.
For information on the living wage and the latest rates, visit http://www.gov.uk/national-minimum-wage-rates.
What do you need to do?
You will need to manually update pay rates in your Roubler system.
Statutory Payments
What's changing?
Statutory Payments include: Sickness (SSP), Maternity (SMP), Paternity (SPP), Adoption (SAP), Shared Parental (ShPP), Parental Bereavement (SPBP).
From 3 April 2022, Statutory Parental Payments will be updated.
From 6 April 2022, Statutory Sick Payments will be updated.
For information on the latest rates, visit https://www.gov.uk/guidance/rates-and-thresholds-for-employers-2022-to-2023
What do you need to do?
These changes will be automatically reflected in your Roubler Pay system.
Student loans and post graduate loans
What's changing?
From 6 April 2022, the three student loan type earning thresholds will be:
- Plan 1 - £20,195 per year
- Plan 2 - £27,295 per year
- Plan 4 - £25,375 per year
Thresholds for postgraduate loans will be £21,000 per year
What do you need to do?
These changes will be automatically reflected in your Roubler Pay system.
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