How much is employees national insurance

Are you self-employed? Then your National Insurance contributions will be calculated based on your Self Assessment tax return.

Find out more on the GOV. UK site. Paying Class 2 contributions is voluntary for self-employed people with profits below the Small Profits Threshold.

Paying Class 2 National Insurance contributions, even if your profits are lower, can still help you build contributory entitlements to benefits. This can be a specialist area but if you use an accountant to do your books or help with your tax return they will be able to give you some guidance on this.

Class 3 voluntary National Insurance contributions are designed to fill in any gaps in your National Insurance record. The aim is to get you a higher State Pension.

Anyone with less than this will receive a reduced State Pension. To receive the new State Pension you need to have a minimum of ten qualifying years. This is the maximum you can pay each week. Rates for previous tax years will be different. MoneyHelper is the new, easy way to get clear, free, impartial help for all your money and pension choices.

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Dealing with debt Bills, court fines, help with debts. Your payslip will show your contributions. You pay Class 2 and Class 4 National Insurance , depending on your profits. Most people pay both through Self Assessment. You may be able to pay voluntary contributions to avoid gaps in your National Insurance record if you:.

If you have gaps and do not pay voluntary contributions, this may affect the benefits you can get , such as the State Pension. You might be an employee but also do self-employed work. In this case your employer will deduct your Class 1 National Insurance from your wages, and you may have to pay Class 2 and 4 National Insurance for your self-employed work. How much you pay depends on your combined wages and your self-employed work. Check what you need to do.

To help us improve GOV. It will take only 2 minutes to fill in. Cookies on GOV. These credits count for your contributions record for state pension, and other contributions based benefits.

If you earn less than the Lower Earnings limit in each job, you will not have get any NI contribution credits. If this is the case you may want to consider making voluntary NIC payments to retain your right to contribution based state benefits and the state pension.

Some married women and widows made an election before May to pay a reduced rate of National Insurance of 5. If you made this election it is important to check that it is still appropriate.