National Insurance - Rates and Allowances |
2024-25 |
2023-24 |
Lower weekly earnings limit, primary Class 1 |
£123 |
£123 |
Upper weekly earnings limit, primary Class 1 |
£967 |
£967 |
Primary weekly earnings threshold |
£242 |
£242 |
Secondary weekly earnings threshold |
£175 |
£175 |
Employees' primary Class 1 rate between primary earnings threshold and upper earnings limit |
8% |
Between 6 April 2023 and 5 January 2024: 12% Between 6 January 2024 and 5 April 2024: 10% |
Employees' primary Class 1 rate above upper earnings limit |
2% |
2% |
Married women's reduced rate between primary earnings threshold and upper earnings limit |
1.85% |
Between 6 April 2023 and 5 January 2024: 5.85% Between 6 January 2024 and 5 April 2024: 3.85% |
Married women's rate above upper earnings limit |
2% |
2% |
Employers' secondary Class 1 rate above secondary earnings threshold |
13.80% |
13.80% |
Class 2 weekly rate |
£3.45 |
£3.45 |
Special Class 2 weekly rate for share fishermen |
£4.10 |
£4.10 |
Special Class 2 weekly rate for volunteer development workers |
£6.15 |
£6.15 |
Class 3 voluntary weekly rate |
£17.45 |
£17.45 |
Class 4 lower profits limit |
£12,570 |
£12,570 |
Class 4 upper profits limit |
£50,270 per year |
£50,270 per year |
Class 4 rate between lower profits limit and upper profits limit |
6% |
9% |
Class 4 rate above upper profits limit |
2% |
2% |
A National Insurance tax free allowance of £5,000 (2023-24: £5,000) is available to offset against employers' Class 1 secondary NICs subject to certain restrictions.
The allowance is restricted to employers with employer NIC liabilities of under £100,000.
No employers' contributions are payable in respect of weekly earnings up to £967 paid to employees under 21 nor for qualifying apprentices aged under 25.