skip to navigationskip to main content

Tax Rates & Allowances

Back to Tax Rates & Allowances

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 Over £157 13.8%
Employee's class 1 £157 to £866 12%
Employee's additional class 1 Over £866 2%
Married woman's rate* £157 to £866 5.85%
Self-employed class 2 (per week) N/A £2.85
Share fishermen class 2 (per week) N/A £3.50
Volunteer development workers class 2 N/A £5.65
Class 3 (per week) N/A £14.25
Annual profit thresholds
Self-employed class 4 £8,164 to £45,000 9%
Self-employed class 4 additional rate Over £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 Over £162 13.8%
Employee's class 1 £162 to £892 12%
Employee's additional class 1 Over £892 2%
Married woman's rate* £162 to £892 5.85%
Self-employed class 2 (per week) N/A £2.95
Share fishermen class 2 (per week) N/A £3.60
Volunteer development workers class 2 N/A £5.80
Class 3 (per week) N/A £14.65
Annual profit thresholds
Self-employed class 4 £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.

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.

Subscribe to our newsletter

Our monthly newsletter contains a round up of the latest tax news and updates of what's happening at Ainsworths

As a subscriber you will automatically recieve our newsletter direct to your inbox