Tax Budget Tax Tables 2018/19 National Insurance Contributions

National Insurance Contributions

NATIONAL INSURANCE CONTRIBUTIONS
Class 1 employee	18/19
Class 1 employee	Employee	Employer
NIC rate	12%	13.8%
No NICs for employees generally on the first	£162 pw	£162 pw
No NICs for younger employees* on the first	£162 pw	£892 pw
NICs rate charged up to	£892 pw	No limit
2% NICs on earnings over	£892 pw	N/A
Certain married women	5.85%	13.8%

Employment Allowance			£3,000		£3,000
	Per business. Not available if the sole employee a director
Limits and thresholds		18/19
		Weekly		Monthly		Annual
Lower earnings limit		£116		£503		£6,032
Primary threshold		£162		£702		£8,424
Secondary threshold		£162		£702		£8,424
Upper earnings limit (and upper secondary thresholds*)		£892		£3,863		£46,350
* Employees generally under 21 years and apprentices under 25 years
Class 1A Employer On car and fuel benefits and most other taxable benefits provided to employees and directors						13.8%
Self-Employed Class 2 Flat rate		£2.95 pw				£153.40 pa
Self-employed Small profits threshold: no NICS if profits do not exceed						£6,205 pa
Self-Employed Class 4 On profits		£8,424 – £46,350 pa				9%
		Over £46,350 pa				2%
Class 3 Flat rate		£14.65 pw				£761.80 pa