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National insurance contributions (NICs)

Arrow

 

2018/19

Employee
(primary)

Employer
(secondary)

Class 1

   

Payable on weekly earnings of:

   

Below £116 (lower earnings limit)

Nil

£116 - £162 (primary threshold)

*0%

Up to £162 (secondary threshold)

Nil

Above £162

13.8%

£162.01 - £892 (upper earnings limit)

**12%

£162.01 - £892 (under 21s and apprentices under 25)

0%

Above £892

**2%

*No NICs are actually payable but notional Class 1 NIC is deemed to have been paid; this protects contributory benefit entitlement.

**Over State Pension age, the employee contribution is generally nil.

 

Employment Allowance

 

up to £3,000 (per year)

Class 1A

On relevant benefits

13.8%

Class 2

Self-employed

£2.95 per week

 

Small profits threshold

£6,205 per annum

Class 3

Voluntary

£14.65 per week

Class 4

Self-employed on annual profits

 
 

£8,424 - £46,350

*9%

 

Excess over £46,350

*2%

*Exemption applies if State Pension age is reached by 6 April 2018.

In a change to the date originally announced, Class 2 NICs are set to be abolished from April 2019.

As previously announced, the government will no longer proceed with an increase to the main rate of Class 4 NICs from 9% to 10% in April 2018, and to 11% in April 2019.