National Insurance
The rates and thresholds for National Insurance Contributions for 2024/25 are:
| Class: | Monthly earnings | Rate |
| Employer Class 1 above Secondary threshold | Over £758 | 13.8% |
| Employee's class 1 | £1048 to £4189 | 10% |
| Employee's additional class 1 | Over £4189 | 2% |
| Self-employed class 2 (per week) | N/A | £3.70 |
| Share fishermen class 2 (per week) | N/A | £4.10 |
| Volunteer development workers class 2 | N/A | £6.15 |
| Class 3 (per week) | N/A | £17.45 |
| Annual profit thresholds | ||
| Self-employed class 2 | Over £12,570 credit available if profits between £6725 and £12,570 |
|
| Self-employed class 4 | £12,570 to £50,270 | 8% |
| Self-employed class 4 additional rate | Over £50,270 | 2% |
See our helpsheet on individual savings accounts to see the rules on investing efficiently with ISA's.
Tailored Advice For Your Business
We understand that no two businesses are the same, so we can tailor advice to suit your circumstances and business size. In this section you'll find guides and features for those businesses needing advice on how to manage company accounts, including cash flow management, late payment, bad debts and business tax...and much more
