Welcome to this month's Tax Tips & News, our newsletter designed to bring you useful advice to keep you one step ahead of the taxman.... View the latest tax tips and news here Sign up to newsletter

Subscribe to our monthly tax tips & news Sign up to newsletter

  • Request a callback
  • Request a callback
  • Request a callback
  • Request a callback
  • Request a callback

National Insurance

The rates and thresholds for National Insurance Contributions for 2017/18 are:

Class: Weekly earnings Rate
Employer's class 1 above primary threshold Above £157 13.8%
Employee's class 1 From £157 to £866 12%
Employee's additional class 1 Above £866 2%
Married woman's rate* From £157 to £866 5.85%
Self-employed class 2 (per week) - £2.85
Share fishermen class 2 (per week) - £3.50
Volunteer development workers class 2 - £5.65
Class 3 ( per week) - £14.25
Annual profit thresholds
Self-employed class 4 From £8,164 to £45,000 9%
Self-employed class 4 additional rate Above £45,000 2%

*only available for women who made a valid married woman's election before 11 May 1977.

Autumn Budget 2017 announced the following rates for 2018/19 (subject to enactment)

Class: Weekly earnings Rate
Employer's class 1 above primary threshold Above £162 13.8%
Employee's class 1 From £162 to £892 12%
Employee's additional class 1 Above £892 2%
Married woman's rate* From £162 to £892 5.85%
Self-employed class 2 (per week) - £2.95
Share fishermen class 2 (per week) - £3.60
Volunteer development workers class 2 - £5.80
Class 3 ( per week) - £14.65
Annual profit thresholds
Self-employed class 4 From £8,424 to £46,350 9%
Self-employed class 4 additional rate Above £46,350 2%

*only available for women who made a valid married woman's election before 11 May 1977.

Self-employed

From April 2016 class 2 NICs will be collected through self-assessment, rather than been paid as a separate direct debit on a monthly or six-monthly basis.

For more information see our ...