National Insurance Rates 2016/2017

MIS
Posted  21st January 2016
hmrc-national-insurance

The new National Insurance table is now available and needs to be entered in to SIMS Personnel.

The following table displays the new rates:

Band Upper Monthly Earnings Limit Lower Monthly Earnings Limit Rate 1 Rate 2
1 486.00 0.00 0.0000 0.0000
2 672.00 486.01 0.0000 0.0000
3 676.00 672.01 0.0000 0.0000
4 3337.00 676.01 13.8000 13.8000
5 3583.00 3337.01 13.8000 13.8000
6 0.00 3583.01 13.8000 13.8000
To update SIMS Personnel with the new NI rates, please follow the steps below:
  • In SIMS, go to Tools | Staff | National Insurance Rates.
  • Click on the 'New' button and type in the start date[1] and enter 6 for the no. of bands
  • Enter the table values as shown above
  • Save your changes.
Please note: A ‘rounding’ difference may arise for some employees of approximately £1 - £2 per month. [1] If the table is entered with a Start Date of 06/04/2016, the April 2016 NI projections in FMS will be slightly different to those in following months. To avoid this, enter the table with a Start Date of 01/04/2016.