What are the National Insurance rates?
The following tax facts should be viewed as an indication of the rates and allowances available and relate to the current tax year (2022/2023) unless stated otherwise. Tax law is notoriously complex and we cannot replicate every rule, nuance or exemption here. Therefore you should not make, or refrain from making, any decisions based on this information alone. If you are in any doubt as to the suitable course of action we recommend you seek tax advice. Remember tax rules can change and depend on your personal circumstances.
Class 1 employed (2022/23)
| Earnings per week | Employee rate |
|---|---|
| £0 to £190 (£242 from 6 July 2022) | Nil |
| £190 (£242 from 6 July 2022) to £967 | 13.25% |
| £967 and over | 3.25% |
| Earnings per week | Employer rate |
|---|---|
| £0 to £175 | Nil |
| £175 and over | 15.05% |
National Insurance applies to most earned income or benefits in kind. National Insurance rates may be different for certain employees, e.g. if employee is over the State Pension age. No National Insurance paid by employers up to £967 for employees under 21 or apprentices under 25.
Self-employed and voluntary
| Type of National Insurance contribution | Tax rate 2022/23 |
|---|---|
| Class 2 self-employed | £3.15 per week |
| Class 2 small profits threshold | £6,725 per annum (£12,570 from 6 July 2022) |
| Class 3 voluntary | £15.85 per week |
| Class 4 lower profits limit | £9,880 per annum (£12,570 from 6 July 2022) |
| Class 4 upper profits limit | £50,270 per year |
| Class 4 rate between lower profits limit and upper profits limit | 10.25% |
| Class 4 rate above upper profits limit | 3.25% |