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National Insurance

The rates and thresholds for National Insurance Contributions for 2024/25 are:

Class: Monthly earnings Rate
Employer Class 1 above Secondary threshold Over £758 13.8%
Employee's class 1 £1048 to £4189 10%
Employee's additional class 1 Over £4189 2%
Self-employed class 2 (per week) N/A £3.70
Share fishermen class 2 (per week) N/A £4.10
Volunteer development workers class 2 N/A £6.15
Class 3 (per week) N/A £17.45
  Annual profit thresholds  
Self-employed class 2
Over £12,570 credit available if profits between £6725 and £12,570
 
Self-employed class 4 £12,570 to £50,270 8%
Self-employed class 4 additional rate Over £50,270 2%

See our helpsheet on individual savings accounts to see the rules on investing efficiently with ISA's.

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