Home Page Link for Malcolm J. Greer - Chartered Certified Accountant and Registered Auditor. Regulated for a range of Investment Business Activities by the Association of Chartered Certified Accountants.
Income Tax Allowances
Income Tax Rates
National Insurance Contributions
Individual Savings Accounts
Capital Gains Tax
Corporation Tax
Car Benefit
Car Fuel Benefit
Tax-Free Mileage Allowances
Inheritance Tax
Stamp Taxes
Value Added Tax
Capital Allowances
Tax Credits
Registered Pension Schemes
Investment Reliefs
Fixed Rate Reductions: Unincorporated Businesses
Sponsorship
Key Facts

National Insurance Contributions

2017/18

 
Class 1 (Earnings related)



Employees

 
Weekly earnings

 
First 157


Nil

157.01 - 866


12%

Over 866

2%



 
Employers

 



Weekly earnings

 
First 157


Nil

Over 157

13.8%
 
Employees' rates are reduced to 5.85% for married women with valid certificates of election but the 2% rate above 866 still applies. Rates are nil for employees over the state pensionable age. Normal employers' contributions are still payable.
Employers' rates for employees under 21 and apprentices under 25 are nil on earnings up to 866 per week.

Employment allowance
(per employer) - 3,000 a year.
Class 1A and Class 1B - 13.8%
Class 2 (Self-employed) - Flat rate 2.85 a week. Small profits threshold 6,025 a year.
Class 3 (Voluntary contributions) - 14.25 a week.

Class 4 (Self-employed) - 9% of profits between 8,164 and 45,000 a year. 2% of profits above 45,000 per year.

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Malcolm J. Greer
3 Jesse Terrace, Reading, Berkshire, RG1 7RS
Tel: 01189 588535 ~ Fax: 0118 919 7778