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National Insurance


The rates and thresholds for National Insurance Contributions for 2024/25 are:

Class: Monthly earnings Rate
Employer Class 1 above Secondary threshold Over £758 13.8%
Employee's class 1 £1048 to £4189 10%
Employee's additional class 1 Over £4189 2%
Self-employed class 2 (per week) N/A £3.70
Share fishermen class 2 (per week) N/A £4.10
Volunteer development workers class 2 N/A £6.15
Class 3 (per week) N/A £17.45
  Annual profit thresholds  
Self-employed class 2
Over £12,570 credit available if profits between £6725 and £12,570
 
Self-employed class 4 £12,570 to £50,270 8%
Self-employed class 4 additional rate Over £50,270 2%

See our helpsheet on individual savings accounts to see the rules on investing efficiently with ISA's.

 

 

Request a callback from Mapperson Price

Our philosophy is to provide a professional friendly service to local people, including employed, self-employed and small to medium sized businesses. Fill in our callback form and we'll contact at a suitable time for you.

The partners are supported by staff with a range of experience in accounts, taxation, payroll, and company secretarial work to support the various services the firm offers.

REQUEST CALLBACK

We always aim to get it right first time, every time, we'll respond to you as soon as possible after your form has been received by us.

 


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