New Employee & Directors National Insurance rates changed in 1st Payroll Jan 2024. Are these applied automatically?
Hi, our payroll was done on 29th December. Sage calculated the NI deducted from a director at 12%. We submitted our FPS yesterday (18th January) and this calculated it at 11.5%, which is obviously correct, as the 11.5% applies to the whole year. Payslip has now been corrected and director/employee will receive a refund of the extra in next pay run. Just in case anyone else noticed a discrepancy.
Hi, our payroll was done on 29th December. Sage calculated the NI deducted from a director at 12%. We submitted our FPS yesterday (18th January) and this calculated it at 11.5%, which is obviously correct, as the 11.5% applies to the whole year. Payslip has now been corrected and director/employee will receive a refund of the extra in next pay run. Just in case anyone else noticed a discrepancy.
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