What are the current National Insurance rates? What rates will apply to next year? 

This is a freeview 'At a glance' guide to the rates of National Insurance.

Employer/employee rates

Employers & employees (not contracted out)

LEL= Lower Earnings Limit
PT = Primary Threshold
ST= Secondary Threshold
UEL = Upper Earnings Limit

Rates 2024-25

Employee rate

Band

Earnings per week/month/year

Employer rate

0%

LEL

Up to:

£123 per week
£533 per month
£6,396 per year

0%

0%

LEL- PT

£123 to £242 per week
£533 to £1,048 per month
£6,396 to £12,570 per year

N/A 

8%

PT-UEL

£242 to £967 per week
£1,048 to £4,189 per month
£12,570 to £50,270 per year

N/A 

N/A

LEL-ST

£123 to £175 per week
£533 to £758 per month
£6,396 to £9,100 per year

0%

N/A

ST-UEL*

£175 to £967 per week
£758 to £4,189 per month
£9,100 to £50,270 per year

13.8%

2%

*UEL+

Over:

£967 per week
£4,189 per month
£50,270 per year

13.8%

 

*Other types of employee thresholds for 2024-25:

  • Upper Secondary Threshold (employees under 21 and apprentices under 25): £967 per week/£4,189 per month/£50,270 per year.
  • Veterans' Upper Secondary Threshold: £967 per week/£4,189 per month/£50,270 per year.
  • Freeport Upper Secondary Threshold: £481 per week/£2,083 per month/£25,000 per year.
  • Investment Zones Upper Secondary Threshold: £481 per week/£2,083 per month/£25,000 per year.

 

Rates 2023-24

Employee rate

Band

Earnings per week/month/year

Employer rate

0%

LEL

Up to:

£123 per week
£533 per month
£6,396 per year

0%

0%

LEL- PT

£123 to £242 per week
£533 to £1,048 per month
£6,396 to £12,570 per year

N/A 

12% to 5 January 2024

10% from 6 January 2024

11.5% annual rate for directors

PT-UEL

£242 to £967 per week
£1,048 to £4,189 per month
£12,570 to £50,270 per year

N/A 

N/A

LEL-ST

£123 to £175 per week
£533 to £758 per month
£6,396 to £9,100 per year

0%

N/A

*ST-UEL

£175 to £967 per week
£758 to £4,189 per month
£9,100 to £50,270 per year

13.8%

2%

*UEL+

Over:

£967 per week
£4,189 per month
£50,270 per year

13.8%

 

*Other types of employee thresholds for 2023-24:

  • Upper Secondary Threshold (employees under 21 and apprentices under 25): £967 per week/£4,189 per month/£50,270 per year.
  • Veterans' Upper Secondary Threshold: £967 per week/£4,189 per month/£50,270 per year.
  • Freeport Upper Secondary Threshold: £481 per week/£2,083 per month/£25,000 per year.
  • Investment Zones Upper Secondary Threshold: £481 per week/£2,083 per month/£25,000 per year.


Other National Insurance rates

 

2024-25

2023-24

Employers Class 1A on taxable benefits in kind

13.8%

13.8%

Employers Class 1B on PAYE settlement agreements 13.8% 13.8%

Married women’s reduced rate between the primary threshold and upper earnings limit

6 April 2023 to 5 January 2024

6 January 2024 to 5 April 2024

1.85% 

 

5.85%

3.85%

Married women’s rate above the upper earnings limit

2%

2%

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