National insurance contributions

Employer and employee rates.

Class 1 payable on weekly earnings of Employee (Primary)
Below £113 (lower earnings limit) Nil
£113 - £157 (primary threshold) 0%*
£157.01 - £866 (upper earnings limit) 12%**
Above £866 2%**
* No NICs are actually payable but notional Class 1 NIC is deemed to have been paid; this protects certain state benefit entitlements.
** Over state pension age, the employee contribution is generally nil.
  Employer (Secondary)
Up to £157 (secondary threshold) Nil
Above £157 13.8%
£157.01 - £866 (upper secondary threshold for under 21s) 0%
£157.01 - £866 (apprentice upper secondary threshold for under 25s) 0%
Employment Allowance
Up to £3,000 per year
Class 1A on relevant benefits
13.8%
Class 1B on PAYE settlement arrangement
13.8%

Class 2

  Rate
Self employed £2.85 per week
Small profits threshold £6,025 per annum

Class 3

  Rate
Voluntary £14.25 per week

Class 4* (Self employed on annual profits)

  Rate
£8,164 to £45,000 9%
Excess over £45,000 2%

* Exemption applies if state pension age was reached by 6 April 2017.

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About us

Ling Phipp was founded in 1974 and nowadays has two partners, five managers plus trainees and support staff.

We serve clients in the East Midlands and all over the UK. Our out-of-town location, with easy parking, close to the M1 junction 25 (Nottingham/Derby - A52), is very convenient.

Company details

0115 949 6838

Ling Phipp, Cliffe Hill House, 22-26 Nottingham Road, Stapleford, Nottingham NG9 8AA


© 2018 Ling Phipp. All rights reserved. We use cookies on this website, you can find more information about cookies here.

Registered to carry on audit work in the UK and Ireland and regulated for a range of investment business activities by the Institute of Chartered Accountants in England and Wales. Details about our audit registration can be viewed at www.auditregister.org.uk, under reference number 6424855. This is the firm number provided by the Institute of Chartered Accountants in England and Wales.