Class 1 | Employee | Employer |
NICs rate | 13.25% | 15.05% |
No NICs for employees generally on the first | £190 pw | £175 pw |
No NICs* for: younger/veteran employees on first freeport employees on first | £190 pw £190 pw | £967 pw £481 pw |
NICs rate charged up to | £967 pw | No limit |
3.25% NICs on earnings over | £967 pw | N/A |
* Employees generally under 21 years and apprentices under 25 years. Veterans in first 12 months of civilian employment. Employees at freeports in Great Britain in the first three years of employment starting from 6 April 2022. |
Employment Allowance | £4,000 | ||
Per business – not available if sole employee is a director or employer’s NICs for 21/22 £100,000 or more | |||
Limits and thresholds | Weekly | Annual | |
Lower earnings limit | £123 | £6,396 | |
Primary threshold | £190 | £9,880 | |
Secondary threshold | £175 | £9,100 | |
Upper earnings limit (and upper secondary thresholds) | £967 | £50,270 | |
Class 1A Employer On car and fuel benefits and most other taxable benefits provided to employees and directors | 15.05% | ||
Class 2 Self-employed Flat rate per week | £3.15 | (£163.80 pa) | |
Small profits threshold No compulsory NICs if annual profits less than | £6,725 | ||
Class 4 Self-employed On annual profits of | £9,880 to £50,270: | 10.25% | |
Over £50,270: | 3.25% | ||
Class 3 Voluntary flat rate per week | £15.85 | (£824.20 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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