National Insurance Contributions

NATIONAL INSURANCE CONTRIBUTIONS
Class 1 employee 18/19
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
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ICAEW The Chartered Institute of Taxation ACCA IPG