NATIONAL INSURANCE CONTRIBUTIONS Class 1 Employee Employer NICs rate 8% 15% No NICs for employees generally on the first £242 pw £96 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 year of civilian employment. No employer NICs on the first £481 pw for employees at freeports and investment zones in the first 36 months of employment Employment allowance £10,500 Per business – not available if sole employee is a director Class 1A Employer On most employees’ and directors’ taxable benefits 15% Class 2 Self-employed Flat rate per week (voluntary) £3.65 (£189.80 pa) Small profits threshold £7,105 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 £18.40 (£956.80 pa) CAR BENEFITS Taxable amount based on original list price and CO2 emissions in g/km. Zero emission cars 4% Petrol and diesel hybrids with CO2 emissions 1–50g/km Range – electric-only miles <30 30–39 40–69 70–129 130+ 16% 14% 10% 7% 4% All non-diesel cars over 50g/km CO2 51–54 55 & over 17% 18%*–37% * Increased by 1% increments 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 26/27 25/26 CO2 % charge used for car benefit multiplied by TBA £28,200 VANS – FOR PRIVATE USE 26/27 25/26 Zero emission: chargeable amount Nil Nil Other vans: chargeable amount TBA £4,020 Fuel: chargeable amount TBA £769
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