National Insurance Contributions
National Insurance Contributions (Table D)
| Class 1 (Employees) | Employee | Employer |
|---|---|---|
| Main NIC rate | 12.0% | 13.8% |
| No NIC on first | £155pw | £156pw |
| Main rate* charged up to | £827pw | no limit |
| 2% rate on earnings above | £827pw | N/A |
| Employment allowance per business | N/A | £3,000 |
*Nil rate of employer NIC for employees under the age of 21 and apprentices under 25, up to £827pw.
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 | £2.80 |
| Small profits threshold | £5,965 |
Class 3 (Voluntary)
| Flat rate per week | £14.10 |
Class 3A
| Contributions vary with age |
Class 4 (Self-employed)
| On profits £8,061 – £43,000 | 9.0% |
| On profits over £43,000 | 2.0% |