National Insurance

Class 1   Employee Employer
NIC Rate   12% 13.8%
       
No NIC's on the first   £166 pw £166 pw
NIC charged at 12%/13.8% up to   £962 pw No limit
2% NIC on earnings over   £962 pw Not Applicable
       
Limits and Thresholds Weekly Monthly Annual
Lower Earnings Limit £118 £512 £6,136
Secondary Earnings Threshold (Employers) £166 £720 £8,632
Primary Earnings Threshold (Employees) £166 £720 £8,632
Upper Secondary Threshold (Under 21's) £962 £4,167 £50,000
Upper Earnings Limit £962 £4,167 £50,000
       
Self Employed      
Class 2 Flat Rate   £3.00 £156.00
Small Earnings Exception     £6,365
Class 4     
On profits £8,632-£50,000 pa     9%
               over £50,000     2%
       
Voluntary      
Class 3 Flat Rate   £15.00 pw £780.00pa

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