National insurance contributions

Class 1 (Employees)

2018/19

2017/18

Employee

Employer

Employee

Employer

NIC rate

12%

13.8%

12%

13.8%

No NICs on the first:

 Under 21*

£162 pw

£892 pw

£157 pw

£866 pw

 21& over*

£162 pw

£162 pw

£157 pw

£157 pw

NICs rate charged up to

£892 pw

No limit

£866 pw

No limit

2% NICs on earnings over

£892 pw

N/A

£866 pw

N/A

* 25 years for apprentices

 

 

 

 

 

Employment allowance

2018/19

2017/18

Per business

£3,000

£3,000

Not available if the sole employee is a director.

 



Earnings limits or thresholds

2018/19

2017/18

Weekly
£

Annual
£

Weekly
£

Annual
£

Lower earnings limit

116

6,032

113

5,876

Primary earnings limit

162

8,424

157

8,164

Secondary earnings threshold

162

8,424

157

8,164

Upper earnings limit and
Upper secondary earnings threshold (under 21)*

892

46,350

866

45,000

* Under 25 years for apprentices

 

Class 1A (Employers)

2018/19

2017/18

Most taxable employee benefits

13.8%

13.8%

 

 

 

Class 2 (Self-Employed)

2018/19

2017/18

Flat rate

£2.95 pw £153.40 pa

£2.85 pw £148.20 pa

Small profits threshold

£6,205 pa

£6,025 pa

 

 

 

Class 4 (Self-Employed)

2017/18

2017/18

On profits

£8,424-£46,350 pa 9%

£8,164-£45,000 pa 9%

 

Over £46,350 pa 2%

Over £45,000 pa 2%

 

 

 

Voluntary

2018/19

2017/18

Class 3 flat rate

£14.65 pw £761.80 pa

£14.25 pw £741 pa

 

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