Class 1 | Employee | Employer |
NICs rate | 12% | 13.8% |
No NICs for employees generally on the first | £184 pw | £170 pw |
No NICs for younger/veteran employees* on the first | £184 pw | £967 pw |
NICs rate charged up to | £967 pw | No limit |
2% NICs on earnings over | £967 pw | N/A |
Employment Allowance | £4,000 | ||
Per business – not available if sole employee is a director or employer’s NICs for 20/21 £100,000 or more | |||
Limits and thresholds | Weekly | Monthly | Annual |
Lower earnings limit | £120 | £520 | £6,240 |
Primary threshold | £184 | £797 | £9,568 |
Secondary threshold | £170 | £737 | £8,840 |
Upper earnings limit (and upper secondary thresholds*) | £967 | £4,189 | £50,270 |
* Employees generally under 21 years and apprentices under 25 years. Veterans in first 12 months of civilian employment from April 2021. | |||
Class 1A Employer On car and fuel benefits and most other taxable benefits provided to employees and directors | 13.8% | ||
Class 2 Self-employed Flat rate per week | £3.05 | (£158.60 pa) | |
Small profits threshold No compulsory NICs if annual profits less than | £6,515 | ||
Class 4 Self-employed On annual profits of | £9,568 to £50,270: | 9% | |
Over £50,270: | 2% | ||
Class 3 Voluntary flat rate per week | £15.40 | (£800.80 pa) |
West London
3 Brook Business Centre,
Cowley Mill Road,
Uxbridge, UB8 2FX
East London
London, E11 1GA
South London
London Bridge
73–81 Southwark Bridge Road,
London, SE1 0NQ
City London
London, EC2M 1JH
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