Upper earnings limit

An amount set by the government for each tax year for the purposes of calculating National Insurance contributions (www.practicallaw.com/8-201-8297) (NICs) payable by employers and employees. The upper earnings limit (UEL) for 2014/15 is £805 a week. An employee must pay NICs at rate of 12% of earnings between the primary threshold (www.practicallaw.com/1-205-6589) and the UEL, plus 2% of earnings above the UEL. His employer must pay NICs at rate of 13.8% of the employee's earnings above the secondary threshold. See also lower earnings limit (www.practicallaw.com/2-205-6579) (LEL) and upper accrual point (www.practicallaw.com/4-386-4390).

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