Class 4 National Insurance (for Self-employed Earners)
Percentage contribution rates from 6th April 2004
Lower Profits Limit
Rate Between Limits
Upper Profits Limit
Rate above Upper Limit *
Date from COPYRIGHT © 2021 THE CHARTERED INSTITUTE OF PAYROLL PROFESSIONALS £ % £ % 06/04/2004 4,745 8.00 31,720 1.00 06/04/2005 4,895 8.00 32,760 1.00 06/04/2006 5,035 8.00 33,540 1.00 06/04/2007 5,225 8.00 34,840 1.00 06/04/2008 5,435 8.00 40,040 1.00 06/04/2009 5,715 8.00 43,875 1.00 06/04/2010 5,715 8.00 43,875 1.00 06/04/2011 7,225 9.00 42,475 2.00 06/04/2012 7,605 9.00 42,475 2.00 06/04/2013 7,755 9.00 41,450 2.00 06/04/2014 7,956 9.00 41,865 2.00
06/04/2015
8,060
9.00
42,385
2.00
06/04/2016
8,060
9.00
43,000
2.00
06/04/2017
8,164
9.00
45,000
2.00
8,424 No printing, copying or reproduction permitted. 9.00 46,350 8,632 9.00 50,000 9,500 9.00 50,000 9,568 9.00 50,270
06/04/2018
2.00
06/04/2019
2.00
06/04/2020
2.00
06/04/2021
2.00
From 6th April 2003 a contribution has been payable on all earnings above the upper limit in line with employed earners’ Class 1 Contributions. N.B. tax relief is allowable on 50% of contributions paid. Budget 2017 produced an announcement that the rate for Class 4 NICs would increase to 10%, however this was reversed, almost immediately. Consultation is promised in 2018 with the intention to abolish Class 2 NICs and implement a revised Class 4 scheme for April 2019.
In September 2018 the Government announced that the planned abolition of Class 2 NICs and the implementation of a revised Class 4 NICs scheme would not proceed. However, following
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