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National Insurance
The rates and thresholds for National Insurance Contributions for 2018/19 are:
| Class: | Weekly earnings | Rate |
| Employer's class 1 above primary threshold | Above £162 | 13.8% |
| Employee's class 1 | From £162 to £892 | 12% |
| Employee's additional class 1 | Above £892 | 2% |
| Married woman's rate* | From £162 to £892 | 5.85% |
| Self-employed class 2 (per week) | - | £2.95 |
| Share fishermen class 2 (per week) | - | £3.50 |
| Volunteer development workers class 2 | - | £5.65 |
| Class 3 ( per week) | - | £14.25 |
| Annual profit thresholds | ||
| Self-employed class 4 | From £8,424 to £46,350 | 9% |
| Self-employed class 4 additional rate | Over £46,350 | 2% |
*only available for women who made a valid married woman's election before 11 May 1977.
Autumn Budget 2018 announced the following rates for 2019/20 (subject to enactment)
| Class: | Weekly earnings | Rate |
| Employer's class 1 above primary threshold | Above £166 | 13.8% |
| Employee's class 1 | From £166 to £962 | 12% |
| Employee's additional class 1 | Over £962 | 2% |
| Married woman's rate* | From £166 to £962 | 5.85% |
| Self-employed class 2 (per week) | - | £3.00 |
| Share fishermen class 2 (per week) | - | £3.65 |
| Volunteer development workers class 2 | - | £5.90 |
| Class 3 ( per week) | - | £15.00 |
| Annual profit thresholds | ||
| Self-employed class 4 | From £8,632 to £50,000 | 9% |
| Self-employed class 4 additional rate | Over £50,000 | 2% |
*only available for women who made a valid married woman's election before 11 May 1977.
Self-employed
From April 2016 class 2 NICs will be collected through self-assessment, rather than been paid as a separate direct debit on a monthly or six-monthly basis.
For more information see our ...
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