Tax Budget Tax Tables 2018/19 National Insurance Contributions
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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