NATIONAL INSURANCE CONTRIBUTIONS 2024/25

Here is a simple overview of the 2024-25 NI contributions.

Class 1

	Employee – Primary	Employer – Secondary
NICs rate	8%	13.8%
No NICs for employees generally on the first	£242 pw	£175 pw
No NICs for younger employees* on the first	£242 pw	£967 pw
NICs rate charged up to	£967 pw	No limit
2% NICs on earnings over	£967 pw	N/A

* No employer NICs on the first £967 pw for employees generally under 21 years, apprentices under 25 years and veterans in first 12 months of civilian employment. No employer NICs on the first £481 pw for employees at freeports in Great Britain in the first three years of employment.

Employment allowance
Per business	£5,000
Not available if the sole employee is a director or if employer’s NICs for 2023/24 are £100,000 or more.

Limits and thresholds	Weekly		Monthly		Annual
Lower earnings limit	£123		£533		£6,396
Primary threshold	£242		£1,048		£12,570
Secondary threshold	£175		£758		£9,100
Upper earnings limit (and upper secondary thresholds for younger/veteran employees and apprentices under 25)	£967		£4,189		£50,270
Class 1A Employers
On car and fuel benefits and most other taxable benefits provided to employees and directors					13.8% pa
Class 2 Self-employed
Flat rate (voluntary)				£3.45 pw   £179.40 pa
Small profits threshold				£6,725 pa
Class 4 Self-employed
On annual profits of		£12,570 to £50,270			6%
		Over £50,270			2%

Voluntary

Class 3 flat rate

£17.45pw

£907.40 pa