Earnings per week | % |
Up to £242* | Nil |
£242.01 - £967 | 8 |
Over £967 | 2 |
Entitlement to state pension and other contribution-based benefits is retained for earnings between £125 and £242 per week.
Earnings per week | % |
Up to £96 | Nil |
Over £96 |
15 |
Class 1A - 15% on broadly all taxable benefits provided to employees and on certain taxable termination payments in excess of £30,000
Class 1B - 15% on taxable PAYE Settlement Agreements
Flat rate per week | £3.50 |
Small Profits Threshold | £6,845 per year |
Lower Profits Limit | n/a |
A self-employed person with profits below the Small Profits Threshold might decide to carry on paying Class 2 voluntarily to accrue entitlement to the State Pension and other benefits.
Annual profits | % |
Up to £12,570 | Nil |
£12,570.01 - £50,270 | 6 |
Over £50,270 | 2 |
Flat rate per week £17.75
Earnings per week | % |
Up to £242* | Nil |
£242.01 - £967 | 8 |
Over £967 | 2 |
Entitlement to state pension and other contribution-based benefits is retained for earnings between £125 and £242 per week.
Earnings per week | % |
Up to £96 | Nil |
Over £96 |
13.8 |
Class 1A - 13.8% on broadly all taxable benefits provided to employees and on certain taxable termination payments in excess of £30,000
Class 1B - 13.8% on taxable PAYE Settlement Agreements
Flat rate per week | £3.45 |
Small Profits Threshold | £6,725 per year |
Lower Profits Limit | n/a |
A self-employed person with profits below the Small Profits Threshold might decide to carry on paying Class 2 voluntarily to accrue entitlement to the State Pension and other benefits.
Annual profits | % |
Up to £12,570 | Nil |
£12,570.01 - £50,270 | 6 |
Over £50,270 | 2 |
Flat rate per week £17.45