The Budget 2018

National Insurance Contributions (Table D)

Class 1 (Employees) Employee Employer
Main NIC rate 13.25% 15.05%
6.4.2022 to 5.7.2022: No NIC on first £190pw £175pw
6.7.2022 to 5.4.2023: No NIC on first £242pw £175pw
Main rate* charged up to £967pw no limit
3.25% rate on earnings above £967pw N/A
Employment allowance per qualifying business N/A £5,000

*Nil rate of employer NIC on earnings up to £967pw for employees aged under 21, apprentices aged under 25 and ex-armed forces personnel in their first twelve months of civilian employment.

Employer contributions (at 15.05%) are also due on most taxable benefits (Class 1A) and on tax paid on an employee’s behalf under a PAYE settlement agreement (Class 1B).

Class 2 (Self-employed)
Flat rate per week on profits above £11,908 £3.15

Class 3 (Voluntary)
Flat rate per week £15.85

Class 4 (Self-employed)
On profits between £11,908 and £50,270 10.25%
On profits over £50,270 3.25%

Employees with earnings above £123pw and the self-employed with profits over £6,725 access entitlement to contributory benefits.