Autus Newsletter » Spring Statement 2018

National Insurance Contributions

NICs

2017/18

2018/19

Class 1 employee

Employee

Employer

Employee

Employer

NIC rate

12%

13.8%

12%

13.8%

No NICs for employees generally on the first

£157 pw

£157 pw

£162 pw

£162 pw

No NICs for younger employees [5] on the first

£157 pw

£866 pw

£162 pw

£892 pw

NICs rate charged up to

£866 pw

No limit

£892 pw

No limit

2% NICs on earnings over

£866 pw

N/A

£892 pw

N/A

Certain married women

5.85%

13.8%

5.85%

13.8%

 

[5] Employees generally under 21 years and apprentices under 25 years

 

NICs

2017/18

2018/19

Employment Allowance

£3,000

£3,000

Per business. Not available if the sole employee a director

 

NICs

2017/18

2018/19

Limits and thresholds

Weekly

Monthly

Annual

Weekly

Monthly

Annual

Lower earnings limit

£113

£490

£5,876

£116

£503

£6,032

Primary threshold

£157

£680

£8,167

£162

£702

£8,424

Secondary threshold

£157

£680

£8,167

£162

£702

£8,424

Upper earnings limit (and upper secondary thresholds [6] )

£866

£3,750

£45,000

£892

£3,863

£46,350

[6] Employees generally under 21 years and apprentices under 25 years

 

Class 1A Employer

2017/18

2018/19

Most taxable employee benefits

13.8%

13.8%

Class 2 (Self-employed)

2017/18

2018/19

Flat rate

£2.85 pw £148.20 pa

£2.95 pw £153.04 pa

Small profits threshold: no NICS if profits do not exceed

£6,025 pa

£6,205 pa

Class 4 (Self-employed)

2017/18

2018/19

On profits

£8,164 – £45,000 pa   9%

£8,424 – £46,350 pa   9%

 

Over £45,000 pa    2%

Over £46,350 pa    2%

Voluntary

2017/18

2018/19

Flat rate

£14.25 pw 
£741 pa

£14.65 pw
£761.80 pa

 

 

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