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Welcome

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Get In Touch

Email: info@eoacc.com
Phone: (UK) +44 (0)203 405 2320
Address: UK: Collingham House, 10-12 Gladstone road, Wimbledon, London, SW19 1QT

Our Location

UK: +44(0)203 405 2320 / SA: +27(0)21 300 2380 info@eoacc.com

National Insurance Contributions

National Insurance Contributions for Self-employed individuals that pay the following:

  • Class 2 NIC on earnings more than £6,025 per year – this is a fixed amount of £2.85 p/w; plus
  • Class 4 NIC at 9% on profits between £8,164 and £45,000 p/y; plus
  • Class 4 NIC at 2% on any profits above this.

Salaried employees pay the following:

  • Primary Class 1 NIC: 12% of earnings between £157 and £866 p/w; plus
  • Primary Class 1 NIC: 2% on any earnings over £866 p/w; plus

Employers (your limited company or LLP) pay the following:

  • Secondary Class 1 NIC: 13.8% on earnings over £157 p/w; plus
  • Class 1A rate on employer provided benefits

Figures are correct for the 17/18 tax year. For the most up-to-date thresholds, see the HMRC’s website.

Birka Bosman
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