The rates and thresholds for National Insurance Contributions for 2014/15 are:
Class:
Weekly earnings
Rate
Employer’s class 1 above primary threshold
Above £153
13.8%
Employee’s class 1 not contracted out
From £153 to £805
12%
Employee’s additional class 1
Above £805
2%
Married woman’s rate*
From £153 to £805
5.85%
Self-employed class 2(per week)
–
£2.75
Share fishermen class 2 (per week)
–
£3.40
Volunteer development workers class 2
–
£5.55
Class 3 ( per week)
–
£13.90
Annual profit thresholds
Small earnings exemption class 2
£5,885
–
Self-employed class 4
From £7,956 to £41,865
9%
Self-employed class 4 additional rate
Above £41,865
2%
*only available for women who made a valid married woman’s election before 11 May 1977.
Self-employed
From April 2016 class 2 NICs will be collected through self-assessment, rather than been paid as a separate direct debit on a monthly or six-monthly basis.
National Insurance
News: March 2014
National Insurance
Employees
The rates and thresholds for National Insurance Contributions for 2014/15 are:
*only available for women who made a valid married woman’s election before 11 May 1977.
Self-employed
From April 2016 class 2 NICs will be collected through self-assessment, rather than been paid as a separate direct debit on a monthly or six-monthly basis.
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