Class 1 National Insurance Contribution Rates 2017-18
|Employee Earnings £ per week||NIC rate Percent||Employer Earnings £ per week||NIC rate Percent|
|Below £112||0||Below £156||0|
|£112 to £155||0||Above £156||13.8|
|£155.01 – £827||12|
Self Employed National Insurance Contribution Rates 2017-18
|Annual Profits £ per year||Class 2 £ Per Week||Class 4 Percent|
|Below £6,025 (SEE)||0||0|
|£5,965 to £8,164 (LPL)||2.85||0|
|£8,061 to £45,000 (UPL)||2.85||9|
The limits are defined as SEE – small earnings exception; LPL – lower profits limit and UPL – upper profits limit.
Class 2 NICs are paid at a weekly flat rate of £2.80 by all self employed persons unless they have applied for a small earnings exception.
The self-employed may apply for exception from paying Class 2 contributions if their earnings are less than, or expected to be less than, the level of the small earnings exception.
Other NIC Rates
|Married Woman’s reduced rate for Class1 Contribution rates||£5.85||£5.85|
|Class 3 Rate||£14.10 per week||£14.10 per week|
Class 3 NIC
- A person needs 35 years (30 years if state pension is before 6 April 2016) of NICs to get full state pension)
- Class 3 Voluntary contributions can be paid to fill or avoid gaps in a NI record