National Insurance Contributions (NICs)
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 was 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.