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Tax Rates & Allowances

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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 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 £3.50
Volunteer development workers class 2 N/A £5.65
Class 3 (per week) N/A £14.25
Annual profit thresholds
Self-employed class 4 £8,424 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 Over £166 13.8%
Employee's class 1 £166 to £962 12%
Employee's additional class 1 Over £962 2%
Married woman's rate* £166 to £962 5.85%
Self-employed class 2 (per week) N/A £3.00
Share fishermen class 2 (per week) N/A £3.65
Volunteer development workers class 2 N/A £5.90
Class 3 (per week) N/A £15.00
Annual profit thresholds
Self-employed class 4 £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.

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