National Insurance Contributions
National Insurance Contributions (Table D)
| Class 1 (Employees) | Employee | Employer |
|---|---|---|
| Main NIC rate | 13.25% | 15.05% |
| No NIC on first | £190pw | £175pw |
| Main rate* charged up to | £967pw | no limit |
| 2% rate on earnings above | £967pw | N/A |
| Employment allowance per qualifying business | N/A | £4,000 |
*Nil rate of employer NIC on earnings up to £967pw for employees aged under 21, apprentices aged under 25 and ex-armed forces personnel in their first twelve months of civilian employment.
Employer contributions (at 15.05%) 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 | £3.15 |
| Small profits threshold | £6,725 |
Class 3 (Voluntary)
| Flat rate per week | £15.85 |
Class 4 (Self employed)
| On profits £9,880 – £50,270 | 10.25% |
| On profits over £50,270 | 3.25% |