National Insurance Contributions

Class 2 and Class 4 - Self employed rates and thresholds

Income or profits 2016/17 2017/18
  Annual Annual
Class 2
Small Earnings Exemption (SEE) threshold £5,969 £6,025
Below SEE £0.00 £0.00
Weekly flat rate above SEE £2.8 £2.85
Class 4
SEE threshold £5,969 £6,025
Lower Profits Limit(LPL) £8,060 £8,164
Upper Profits Limit(UPL) £43,000 £45,000
Below SEE 0% 0%
Between SEE and LPL 0% 0%
Between LPL and UPL 9.0% 9.0%
Above UPL 2.0% 2.0%

From April 2018 Class 2 NICs will be abolished. Class 4 NICs will be reformed so that self-employed individuals continue to build entitlement to the State Pension and other contributory benefits

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