National Insurance

Employee National Insurance contributions

  2017 / 18 2018 / 19
  Weekly Annually Weekly Annually
Lower earnings limit – Earnings below this limit will incur no NICs £113 £5,876 £116 £6,032
Primary threshold – Earnings below this limit will incur no NICs £157 £8,164 £162 £8,424
Upper earnings limit – Earnings above the Primary threshold and below the Upper earnings limit will be taxed at 12%. £866 £45,000 £892 £46,350
Any earnings above the Upper earnings limit are taxed at 2%

 

Employer National Insurance contributions

  2017 / 18 2018 / 19
  Weekly Annually Weekly Annually
Secondary threshold – Income above this threshold will incur Employer NICs at 13.8% £157 £8,164 £162 £8,424

 

Self-employed National Insurance contributions

  2017 / 18 2018 / 19
Small profits threshold – Earnings below this threshold incur no NICs £6,025 per year £6,205 per year
Lower Profits Limit – Earnings up to this limit incur Class 2 NICs £8,164 per year £8,424 per year

 

  2017 / 18 2018 / 19
  Weekly Annually Weekly Annually
Class 2 NICs £2.85 N/A £162 £8,424
Upper profits limit – Earnings up to this limit incur further Class 2 NICs and Class 4 NICs of 9%. £866 £45,000 £892 £46,350
Any earnings above this limit incur further Class 2 NICs and Class 4 NICs of 2%
     
       

Class 3 rate (per week)

14.1

14.25

 14.65

Class 4 lower profits limit

8,060

8,164

 8,424

Class 4 upper profits limit

43,000

45,000

 46,350

Class 4 rate between lower profits limit and upper profits limit

9.00%

9.00%

 9.00%

Class 4 rate above upper profits limit

2.00%

2.00%

 2.00%

The government had previously announced its intention to abolish “class 2” national insurance contributions (NICs) for the self-employed in April 2018, but has now said it will delay the move for a year.