Ely Tax & Accountancy joined the Ely office of Whiting & Partners Chartered Accountants & Business Advisers on 1st October 2017, you should shortly be redirected to the Whiting & Partners website https://www.whitingandpartners.co.uk
National Insurance
Employees
The rates and thresholds for National Insurance Contributions for 2017/18 are:
| Class: | Weekly earnings | Rate |
| Employer's class 1 above primary threshold | Above £157 | 13.8% |
| Employee's class 1 not contracted out | From £157 to £866 | 12% |
| Employee's additional class 1 | Above £866 | 2% |
| Married woman's rate* | From £157 to £866 | 5.85% |
| Self-employed class 2 (per week) | - | £2.85 |
| Share fishermen class 2 (per week) | - | £3.50 |
| Volunteer development workers class 2 | - | £5.65 |
| Class 3 ( per week) | - | £14.25 |
| Annual profit thresholds | ||
| Self-employed class 4 | From £8,164 to £45,000 | 9% |
| Self-employed class 4 additional rate | Above £45,000 | 2% |
*only available for women who made a valid married woman's election before 11 May 1977.
Self-employed
From April 2016 class 2 NICs will be collected through self-assessment, rather than been paid as a separate direct debit on a monthly or six-monthly basis.
For more information see our ...
