Earnings per week | % |
Up to £184 | Nil |
£184.01 - £967 | 12 |
Over £967 | 2 |
Entitlement to state pension and other contribution-based benefits is retained for earnings between £120 and £184 per week.
Earnings per week | % |
Up to £170 | Nil |
Over £170 | 13.8 |
Class 1A - 13.8% on broadly all taxable benefits provided to employees and on certain taxable termination and sporting testimonial payments in excess of £30,000
Class 1B - 13.8% on taxable PAYE Settlement Agreements
Flat rate per week | £3.05 |
Small Profits Threshold | £6,515 per year |
No Class 2 is due if the amount of trading profits assessable to income tax and Class 4 NIC is below this figure. However, a person might decide to carry on paying Class 2 voluntarily to accrue entitlement to the State Pension and entitlement to other benefits.
Annual profits | % |
Up to £9,568 | Nil |
£9,568.01 - £50,270 | 9 |
Over £50,270 | 2 |
Flat rate per week £15.40
Earnings per week | % |
Up to £183 | Nil |
£183.01 - £962 | 12 |
Over £962 | 2 |
Entitlement to state pension and other contribution-based benefits is retained for earnings between £120 and £183 per week.
Earnings per week | % |
Up to £169 | Nil |
Over £169 | 13.8 |
Class 1A - 13.8% on broadly all taxable benefits provided to employees and on certain taxable termination and sporting testimonial payments in excess of £30,000
Class 1B - 13.8% on taxable PAYE Settlement Agreements
Flat rate per week | £3.05 |
Small Profits Threshold | £6,475 per year |
No Class 2 is due if the amount of trading profits assessable to income tax and Class 4 NIC is below this figure. However, a person might decide to carry on paying Class 2 voluntarily to accrue entitlement to the State Pension and entitlement to other benefits.
Annual profits | % |
Up to £9,500 | Nil |
£9,500.01 - £50,000 | 9 |
Over £50,000 | 2 |
Flat rate per week £15.30