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National insurance contributions (NICs)
|2018/19||Employee (Primary)||Employer (Secondary)|
|Payable on weekly earnings of|
|Below £116 (lower earnings limit)||Nil||-|
|£116 to £162 (primary threshold)||*0%||-|
|Up to £162 (secondary threshold)||-||Nil|
|£162.01 - £892 (upper earnings limit)||**12%||-|
|£162.01 - £892 (under 21s and apprentices under 25)||-||0%|
*No NICs are actually payable but a notional Class 1 NIC is deemed to have been paid; this protects contributory benefit entitlement.
|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.
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