National insurance

2021/22 Class 1 (employed) rates

Employee Employer
Earnings per week % Earnings per week %
Up to £184 0 Up to £170 0
£184.01 - £967 12 Over £170 13.8
Over £967 2    

Entitlement to contribution-based benefits for employees retained for earnings between £120 and £184 per week.
The employer rate is 0% for employees under 21 and apprentices under 25 on earnings up to £967 per week.

Class 1A (employers) On employee taxable benefits 13.8%
Class 1B (employers) On PAYE Settlement Agreements 13.8%
Class 2 (self-employed) Flat rate per week £3.05
Small profits threshold £6,515 per annum
Class 3 (voluntary) Flat rate per week £15.40
Class 4 (self-employed) On profits between £9,568 - £50,270 9%
Excess over £50,270 2%

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Penn Management Services, 1 & 2 Heritage Park, Cannock, Staffordshire WS11 7LT
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In accordance with the disclosure requirements of the Services Regulations 2009, our professional indemnity insurer is Allied World Assurance Company (Europe) Limited, of 20 Fenchurch Street, 18th and 19th Floors, London EC3M 3BY. The territorial coverage is worldwide excluding professional business carried out from an office in the United States of America or Canada and excludes any action for a claim brought in any court in the United States of Amercia or Canada.

We are registered to carry on audit work in the UK by the Institute of Chartered Accountants in England and Wales and details about our audit registration can be viewed at www.auditregister.org.uk, under reference number C008875364.