National Insurance 2018/2019

Class 1 (not contracted out)

Employer

Employee

 

 

 

Lower earnings limit £116

 

 

Payable on weekly earnings 

 

 

£162 - £892

 

12%

Over £892

 

2%

£162 and over

13.8%

 

 

 

 

Payable on monthly earnings 

 

 

£702 - £3,863

 

12%

Over £3,863

 

2%

£702 and over

13.8%

 

 

 

 

People above their state pension age

13.8%

Nil

 

 

 

Class 1A (on relevant benefits)

13.8%

Nil

 

 

 

Class 1B (on PAYE settlement arrangement)

13.8%

 

 

 

 

Class 2 (Self employed)

£2.95 per week

 

 

 

Limit of net earnings for exception

£6,205 per annum

 

 

 

Class 3 (Voluntary)

£14.650 per week

 

 

 

Class 4 (* Self employed on profits)

 

 

£8,424 to £46,350

9%

 

Excess over £46,350

2%

 

 

 

 

*Exemption applies if state retirement age was reached by 6 April 2018.

Office Information

Williams Knowles & Co

Lloyd Chambers

139 Carlton Road

Worksop

S81 7AD

 

Telephone:  (01909) 500232

 

Facsimile:    (01909) 473544

 

Email: williamsknowlesco@

           btopenworld.com

 

Office hours:

 

Monday to Friday 9am to 5pm

 

Other times are available by appointment