NATIONAL INSURANCE CONTRIBUTIONS Class 1 24/25 Employee Employer 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 and investment zones in Great Britain in the first three years of employment Employment allowance £5,000 Per business – not available if sole employee is a director or employer’s NICs for 23/24 are £100,000 or more. Class 1A Employer On most employees’ and directors’ taxable benefits 13.8% Class 2 Self-employed Flat rate per week (voluntary) £3.45 (£179.40 pa) Small profits threshold £6,725 Class 4 Self-employed On annual profits of £12,570 to £50,270: 6% Over £50,270: 2% Class 3 Voluntary flat rate per week £17.45 (£907.40 pa) CAR BENEFITS Taxable amount based on original list price and CO2 emissions in g/km. Zero emission cars 2% Petrol and diesel hybrids with CO2 emissions 1–50g/km Range – electric-only miles <30 30–39 40–69 70–129 130+ 14% 12% 8% 5% 2% All non-diesel cars over 50g/km CO2 51–54 55 & over 15% 16%*–37% * Increased for every extra 5g/km by 1% up to the maximum 37% Diesels not meeting RDE2: add 4% to non-diesel rates, up to 37% Fuel benefit – taxable amount for private use 24/25 23/24 CO2 % charge used for car benefit multiplied by £27,800 £27,800 VANS – FOR PRIVATE USE 24/25 23/24 Zero emission: chargeable amount Nil Nil Other vans: chargeable amount £3,960 £3,960 Fuel: chargeable amount £757 £757
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