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National Insurance

The rates and thresholds for National Insurance Contributions for 2018/19 are:

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) - £2.85
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 £8,424 to £46,350 9%
Self-employed class 4 additional rate Over £46,350 2%

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

Autumn Budget 2018 announced the following rates for 2019/20 (subject to enactment)

Class: Weekly earnings Rate
Employer's class 1 above primary threshold Above £166 13.8%
Employee's class 1 From £166 to £962 12%
Employee's additional class 1 Over £962 2%
Married woman's rate* From £166 to £962 5.85%
Self-employed class 2 (per week) - £3.00
Share fishermen class 2 (per week) - £3.65
Volunteer development workers class 2 - £5.90
Class 3 ( per week) - £15.00
Annual profit thresholds
Self-employed class 4 From £8,632 to £50,000 9%
Self-employed class 4 additional rate Over £50,000 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 ...

 

Charities & Not For Profit

We have been providing charity clients with high quality, specialist advice and service for many years, and our charity clients range from small village halls to large national organisations...

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Farming Industry

The largest industry sector that we deal with is farming, as you would expect in a rural practice. This means that we have developed considerable expertise in this field...

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