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National insurance contributions (NICs)
| 2018/19 | Employee (Primary) | Employer (Secondary) | |
|---|---|---|---|
| Class 1 | |||
| Payable on weekly earnings of | |||
| Below £116 (lower earnings limit) | Nil | - | |
| £116 to £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 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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