Call: 0161 929 9909 - Email: steve@blairshepherd.co.uk

National insurance

The new rates of NICs.

2020/21 Class 1 (employed) rates

Employee Employer
Earnings per week % Earnings per week %
Up to £183 0 Up to £169 0
£183.01 - £962 12 Over £169 13.8
Over £962 2    

Entitlement to contribution-based benefits for employees retained for earnings between £120 and £183 per week.

The employer rate is 0% for employees under 21 and apprentices under 25 on earnings up to £962 per week.

Class 1A (employers) On employee taxable benefits 13.8%
Class 1B (employers) On PAYE Settlement Agreements 13.8%
Class 2 (self-employed) Flat rate per week £3.05
Small profits threshold £6,475 per annum
Class 3 (voluntary) Flat rate per week £15.30
Class 4 (self-employed) On profits between £9,500 - £50,000 9%
Excess over £50,000 2%

Keeping you up to date

We work hard to get to know you in order to deliver timely, individual advice on how to improve your business and personal wealth.

Copyright

© 2021 Blair Shepherd Accountants Limited. All rights reserved.

We use cookies on this website, you can find more information about cookies here.
Contact Us

Please call:
0161 929 9909

Quick links

Home | Contact us | Site map | Accessibility | Disclaimer | Help |

Address
Blair Shepherd Accountants Limited, 16A Regent Road, Altrincham, Greater Manchester WA14 1RP