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 |