Class 2 and 4 - Self employed

Class 2 and Class 4 - Self employed rates and thresholds

Earnings or Benefits 2022/23 Annual 2023/24 Annual
Class 2
Earnings or BenefitsSmall Earnings Exemption (SEE) threshold2022/23 Annual£6,515.002023/24 Annual£6,515.00
Earnings or BenefitsBelow SEE2022/23 Annual£0.002023/24 Annual£0.00
Earnings or BenefitsWeekly flat rate above SEE2022/23 Annual£3.052023/24 Annual£3.05
Class 4
Earnings or BenefitsSEE threshold2022/23 Annual£6,515.002023/24 Annual£6,515.00
Earnings or BenefitsLower Profits Limit (LPL)2022/23 Annual£12,570.002023/24 Annual£12,570.00
Earnings or BenefitsUpper Profits Limit (UPL)2022/23 Annual£50,270.002023/24 Annual£50,270.00
Earnings or BenefitsBelow SEE2022/23 Annual0.00%2023/24 Annual0.00%
Earnings or BenefitsBetween SEE and LPL2022/23 Annual0.00%2023/24 Annual0.00%
Earnings or BenefitsBetween LPL and UPL2022/23 Annual9.00%2023/24 Annual9.00%
Earnings or BenefitsAbove UPL2022/23 Annual2.00%2023/24 Annual2.00%