National Insurance contributions – how much you pay

2. National Insurance Contributions (NIC)

2.1 Class 1 NIC: If you’re employed

The rates for most people for the 2018 to 2019 tax year are:

Your pay Class 1 National Insurance rate
£162 to £892 a week (£702 to £3,863 a month) 12%
Over £892 a week (£3,863 a month) 2%

 

2.2 Class 2 & 4 NIC: If you’re self employed

You usually pay 2 types of National Insurance if you’re self-employed:

  • Class 2 if your profits are £6,205 or more a year
  • Class 4 if your profits are £8,424 or more a year
Class Rate for tax year 2018 to 2019
Class 2 £2.95 a week
Class 4 9% on profits between £8,424 and £46,350
2% on profits over £46,350

2.3 Class 3 NIC: Voluntary contributions

You may be able to pay Class 3 voluntary National Insurance to fill gaps in your contributions record to qualify for benefits like the State Pension.