National Insurance Contributions

 

2019/20

2018/19

Class 1 (Employees)

Employee

Employer

Employee

Employer

NIC rate

12%

13.8%

12%

13.8%

No NICs for younger employees5 on the first

£166 pw

£962 pw

£162 pw

£892 pw

No NICs for employees generally on the first

£166 pw

£166 pw

£162 pw

£162 pw

NICs rate charged up to

£962pw

No limit

£892 pw

No limit

2% NICs on earnings over

£962pw

N/A

£892 pw

N/A

Certain married women

5.85%

13.8%

5.85%

13.8%

5 Employees generally under 21 years and apprentices under 25 years

 

2019/20

2018/19

Employment Allowance

£3,000

£3,000

Not available if the sole employee a director

2019/20

2018/19

Limits and thresholds

Weekly

Annual

Weekly

Annual

Lower earnings limit

£118

£6,136

£116

£6,032

Primary threshold

£166

£8,632

£162

£8,424

Secondary threshold

£166

£8,632

£162

£8,424

Upper earnings limit (and upper secondary thresholds6)

£962

£50,000

£892

£46,350

6 Employees generally under 21 years and apprentices under 25 years

Class 1A Employer

2019/20

2018/19

Most taxable employee benefits

13.8%

13.8%

Class 2 (Self-employed)

2019/20

2018/19

Flat rate

£3.00 pw £156.00 pa

£2.95 pw £153.04 pa

Small profits threshold: no NICS if profits do not exceed

£6,365 pa

£6,205 pa

Class 4 (Self-employed)

2019/20

2018/19

On profits

£8,632 – £50,000 pa   9%

£8,424 – £46,350 pa   9%

 

Over £50,000 pa    2%

Over £46,350 pa    2%

Voluntary

2019/20

2018/19

Flat rate

£15.00 pw £780.00 pa

£14.65 pw
£761.80 pa

 

image