National Insurance Contributions

Class 1 19/20
Employee Employer
NICs rate 12% 13.8%
No NICs for employees generally on the first £166 pw £166 pw
No NICs for younger employees* on the first £166 pw £962 pw
NICs rate charged up to £962 pw No limit
2% NICs on earnings over £962 pw N/A
Certain married women 5.85% 13.8%

 

Employment Allowance £3,000
Per business. Not available if the sole employee is a director
Limits and Thresholds 19/20
Weekly Monthly Annual
Lower earnings limit £118 £512 £6,136
Primary threshold £166 £719 £8,632
Secondary threshold £166 £719 £8,632
Upper earnings limit (and upper secondary thresholds*) £962 £4,167 £50,000
* 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%
Class 2 Self-Employed Flat rate £3.00 pw £156.00 pa
Self-employed Small profits threshold: no compulsory NICs if profits do not exceed £6,365 pa
Class 4 Self-Employed On profits £8,632 – £50,000
pa
9%
Over £50,000pa 2%
Class 3 Flat rate £15.00 pw £780.00pa
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ICAEW The Chartered Institute of Taxation ACCA IPG IR