Tax Rates & Allowances
Back to Tax Rates & AllowancesNational Insurance
The rates and thresholds for National Insurance Contributions for 2023/24 are:
| Class: | Monthly earnings | Rate |
| Employer Class 1 above Secondary threshold | Over £758 | 13.8% |
| Employee's class 1 | £823 to £4189 | 12% |
| Employee's additional class 1 | Over £4189 | 2% |
| Married woman's rate* | £823 to £4189 | 7.1% |
| Self-employed class 2 (per week) | N/A | £3.45 |
| Share fishermen class 2 (per week) | N/A | £3.80 |
| Volunteer development workers class 2 | N/A | £6.15 |
| Class 3 ( per week) | N/A | £17.45 |
| Annual profit thresholds | ||
| Self-employed class 4 | £11,908 to £50,270 | 9% |
| Self-employed class 4 additional rate | Over £50,270 | 2% |
*only available for women who made a valid married woman's election before 11 May 1977.