NIM01013 - Class 1 Structural Overview: Earnings limits/threshold & NIC rebate: 1999/2000 tax year
Earnings limits/threshold
April 1999 saw the abolition of NICs for employees on earnings up to and including the Lower Earnings Limit (‘LEL’- see NIM01005), the abolition of NICs for employers up to and including a new Secondary Threshold (‘ST’ – see NIM01008 - also known as the ‘Employer’s Earnings Threshold’ or ‘ER/ET) and the introduction of one single rate for employers, to replace the 4 separate ones previously in operation (see NIM01006 covering Earnings Brackets). There was also an Upper Earnings Limit (‘UEL’) which was the maximum amount of earnings upon which primary Class 1 NICs were payable – see NIM01009. For further guidance on calculating and recording NICs, including NIC rates, see NIM11000 onwards. If aggregation of earnings is involved ( NIM01004), see also NIM10000 onwards.
NIC rebate
Where employers operate contracted-out pension schemes they and
their employees who are members of the schemes receive a reduction
in their NICs. The reduction, for both employees and employers, is
realised via a reduction in the NICs percentage rate applied to
earnings between the LEL and the UEL. The percentage rate differs
for employees and employers and for the different types of
contracted-out schemes. The difference between the full contracted-
out rate and this reduced rate is known as the ‘NIC
rebate’.
For further information about contracting-out, see
NIM01017. For further guidance on
calculating and recording the NIC rebate, including rebated rates,
see
NIM11000 onwards. If aggregation of
earnings is involved (
NIM01004), see also
NIM10000 onwards.
