Employee Contributions
(Class 1)

Earnings threshold and earnings limit

Notes

Useful links

Statutory ref

Last updated

Author

Standard rate:
  12%

Contracted out rate: 10.6%

Special rate for married women and widows with valid election certificate:
5.85%

• £162- £892 (weekly)
• £702 - £3,863 (monthly)
• £8,424 - £46,350 (annual)

• 2% on earnings above the upper earnings limit
• those of state pension age and over are exempt from payment of NICs.

UK Gov't guidance on NIC's, rates and allowances
and
on Rates and thresholds for employERS 2018 to 2019

HJS

Self employed Contributions

Profit  threshold
and upper limit

Notes

Useful links

Statutory ref

Last updated

Author

(Class 2)

Flat rate:
£2.95 per week

plus
(Class 4)

Small earnings exception:
£6,205

Class 2 and Class 4 NIC were meant to be amalgamated from 6 April 2018,  This merger has been deferred to 6 April 2019 (HofC written Statement 2nd Nov 2017)

UK Gov't guidance on NIC's, rates and allowances

HJS

basic rate: 9%

excess rate: 2%

on profits of £8,424 to £46,350

on profits above £46,350

UK Gov't guidance on NIC's, rates and allowances

HJS

Voluntary Contributions

Notes

Useful links

Statutory ref

Last updated

Author

(Class 3)

Flat rate:
£14.65 per week

UK Gov't guidance on NIC's, rates and allowances

HJS