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Phone: 01242 260066 | Email accountants@mitchells.org

National Insurance Contributions (NICs)

  1. Resources
  2. Tax information
  3. Statement
2017/18 Employee 
(Primary)		 Employer
(Secondary)
Class 1
Payable on weekly earnings of    
Below £113 (lower earnings limit) Nil -
£113 to £157 (primary threshold) *0% -
Up to £157 (secondary threshold) - Nil
Above £157 - 13.8%
£157.01 - £866 (upper earnings limit) **12% -
£157.01 - £866 (under 21s and apprentices under 25) - 0%
Above £866 **2% -
*No NICs are actually payable but a notional Class 1 NIC is deemed to have been paid; this protects contributory benefit entitlement.
**Over state pension age, the employee contribution is generally nil.
Employment allowance     up to £3,000 (per year)
Class 1A On relevant benefits   13.8%
Class 2 Self-employed £2.85 per week
Small profits threshold £6,025 per annum
Class 3 Voluntary £14.25 per week
Class 4 Self-employed on annual profits  
£8,164 - £45,000 *9%
Excess over £45,000 *2%
*Exemption applies if state pension age was reached by 6 April 2017.

Future changes

Class 2 NICs will be abolished from April 2018.

Latest news

19 Apr 2024

Umbrella company regulation in 'precarious position', warns IPSE

Government proposals to enact a due diligence regime for the umbrella company market are in a 'precarious position, unless government shows some urgency, the Association of Independent Professionals and the Self-Employed (IPSE) has warned.

18 Apr 2024

Business price pressures persist, warns BCC

Business price pressures persist despite the UK's inflation rate falling to its lowest level since September 2021.

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Contact details

Office: 01242 260066

Company Registration No: 4161638
Company Registered in England and Wales.
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Company details
Mitchell Glanville Limited
Registered Address: 41 Rodney Road, Cheltenham, Gloucestershire GL50 1HX
Mitchell Glanville Limited regulated by the Institute of Chartered Accountants in England and Wales If, during the provision of professional services to you, you need advice on investments, we may have to refer you to someone who is authorised by the Financial Conduct Authority, as we are not. However, as we are licensed by the Institute of Chartered Accountants in England and Wales, we may be able to provide certain investment services where these are complementary to or arise out of the professional services we are already providing to you.

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