National Insurance Contributions
National Insurance Contributions (Table D)
| Class 1 (Employees) |
Employee |
Employer |
| Main NIC rate |
12% |
13.8% |
| No NIC on first |
£166pw |
£166pw |
| Main rate* charged up to |
£962pw |
no limit |
| 2% rate on earnings above |
£962pw |
N/A |
| Employment allowance per qualifying business |
N/A |
£3,000 |
*Nil rate of employer NIC for employees under the age of 21 and apprentices under 25, up to £962pw.
Employer contributions (at 13.8%) are also due on most taxable benefits (Class 1A) and on tax paid on an employee’s behalf under a PAYE settlement agreement (Class 1B).
Class 2 (Self-employed)
| Flat rate per week |
£3 |
| Small profits threshold |
£6,365 |
Class 3 (Voluntary)
Class 4 (Self-employed)
| On profits £8,632 – £50,000 |
9.0% |
| On profits over £50,000 |
2.0% |