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National Insurance

 

Employee's NIC

Employer's NIC

Earnings limits

NICs table letters
A, H and M

NICs table letters
J and Z

NICs table letters
A and J

NICs table letters
A and J

Below £116 weekly, or
below £503 monthly, or
below £6,032 yearly

Nil

Nil

Nil

Nil

£116 to £162 weekly, or
£503 to £702 monthly, or
£6,032 to £8,424 yearly

0%

0%

0%

0%

£162.01 to £892 weekly, or
£702.01 to £3,863 monthly, or
£8,424.01 to £46,350 yearly

12%

2%

13.8%

0%

Over £892 weekly, or
over £3,863 monthly, or
over £46,350 yearly

2%

2%

13.8%

13.8%

 

Class 1

Employees

Employers*

Weekly earnings 2018/2019

 

 

On first £162

Over 21

NIL

NIL

 

Under 21

NIL

NIL

£162.01 to £892

Over 21

12%

13.8%

 

Under 21 apprentice

12%

NIL

£892.01 and above

Over 21

2%

13.8%

 

Under 21

2%

13.8%


Class 1A

13.8% NIC on benefits in kind payable on 19th/22nd July after the end of the tax year.

Class 1B

13.8% payable on PAYE Settlement Agreement benefits, tax due 19th/22nd October after the end of the tax year.

Class 2

Self employed flat rate of £2.95 (£2.85 2017/18) per week.

Class 3

Voluntary contributions at a rate of £14.65 (£14.25 2017/18) per week.

 

 

Class 4 - Self-employed earning rate

2018/19

2017/18

Profits between £8,424 (£8,164) and £46,350 (£45,000) per annum

9%

9%

Profits in excess of £46,350 (£45,000) per annum

2%

2%

 

 

 

* EMPLOYMENT ALOWANCE available from 6 April 2015. Reduction in Employer's NIC of £3000 (maximum, or limited to actual Employer's NIC, if lower) for the year.

Apprenticeship Levy: From 6 April 2017, employers will be required to pay the Apprenticeship Levy. The Levy is set at a rate of 0.5% of an employer's annual pay bill and will be collected through the PAYE system. The pay bill is the total amount of earnings liable to employer's Class 1 NIC, including earnings below the secondary threshold. Where the age-related secondary percentage of MC is 0% e.g for employees under the age of 21, such earnings are included in calculating the pay bill.

Employers receive an annual allowance of £15,000 to offset against payment of the Levy, and therefore the Levy will be payable only by employers who have to pay bilis in excess of £3million per year. Where two or more companies are connected, the allowance is spread between the companies.


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