Upgrade Sage 50cloud Payroll v28.02 for National Insurance threshold increase

During the Spring Statement Rishi Sunak announced that the National Insurance threshold would be increasing to be in line with the income tax threshold (personal allowance). This will come into effect from 6th July 2022. The threshold will increase by £3000 and employees can earn up to £12,570 before having to pay National Insurance.

In order to ensure that your Payroll software is compliant Sage have released an update which is now available for Sage 50cloud Payroll. Simply accept the update to upgrade to v28.02 in your Sage 50cloud Payroll software and the new thresholds will be applied. We recommend doing this as soon as possible. 

Sage made this update mandatory from 14th June to ensure all users are compliant with the new threshold.

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15/06/2022

“Any advice relating to accounts or tax should be sought from your tax accountant. Sage Accounts Solutions Limited will not be held responsible for any loss or damage caused as a result of the information contained herein.”

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