National Insurance
| Class 1 NICs: Employee and Employer rates and thresholds per annum | 2024 / 2025 | 2023 / 2024 |
|---|---|---|
| Lower Earnings Limit (LEL) | £6,396 | £6,396 |
| Primary Threshold (PT) | £12,570 | £12,570 |
| Secondary Threshold (ST) | £9,100 | £9,100 |
| Freeport Upper Secondary Threshold | £25,000 | £25,000 |
| Upper Earnings (UEL) | £50,270 | £50,270 |
| Upper Secondary Threshold for U21’s | £50,270 | £50,270 |
| Apprentice Upper Secondary Threshold (AUST) for under 25s | £50,270 | £50,270 |
| Employment Allowance (per employer) | £5,000 | £5,000 |
| Employee's (Primary) Class 1 NIC Rates | ||
| Below LEL | N/A | N/A |
| LEL - PT | 0% | 0% |
| PT - UEL | 8% | 13.25% / 12% |
| Above UEL | 2% | 3.25% / 2% |
| Employer's (Secondary) Class 1 NIC Rates | ||
| Above Secondary Threshold | 13.80% | 13.80% |
| Above AUST | 13.80% | 13.80% |
| Class 2 NICs: Self-employed rates and thresholds per week | 2024 / 2025 | 2023 / 2024 |
|---|---|---|
| Small Profits Threshold (SPT) | £6,725 | £6,725 |
| Annual profits | ||
| Below SPT | £3.45 (Voluntary) | £3.15 (Voluntary) |
| Above SPT | £0 | £3.15 |
| Special Class 2 rate for share fishermen | £0 | £4.10 |
| Special Class 2 rate for volunteer development workers | £0 | £6.15 |
| Class 3 NICs: Other rates and thresholds per week | 2024 / 2025 | 2023 / 2024 |
|---|---|---|
| Voluntary contributions | £17.45 | £17.45 |
| Class 4 NICs: Self-employed rates and thresholds per year | 2024 / 2025 | 2023 / 2024 |
|---|---|---|
| Lower Profits Limit (LPL) | £12,570 | £12,570 |
| Upper Profits Limit (UPL) | £50,270 | £50,270 |
| Below LPL | 0% | 0% |
| LPL to UPL | 6% | 9% |
| Above UPL | 2% | 2% |
