2020-21 National Insurance thresholds published
03 February 2020
03 February 2020
Table of the new National Insurance rates and thresholds
|
National Insurance class |
2020/21 |
2019/20 |
|
Class 1 |
||
|
Lower earnings limited |
£120 per week £520 per month £6,240 per year |
£118 per week £512 per month £6,136 per year |
|
Primary threshold |
£183 per week £792 per month £9,500 per year |
£166 per week £719 per month £8,632 per year |
|
Secondary threshold |
£169 per week £732 per month £8,788 per year |
£166 per week £719 per month £8,632 per year |
|
Upper earnings limit |
£962 per week £4,167 per month £50,000 per year |
£962 per week £4,167 per month £50,000 per year |
|
Class 2 |
||
|
Weekly amount |
£3.05 |
£3.00 |
|
Small profits threshold |
£6,475 |
£6,365 |
|
Class 3 |
||
|
Voluntary contributions (weekly) |
£15.30 |
£15.00 |
|
Class 4 |
||
|
Lower profits limit |
£9,500 per year |
£8,632 per year |
|
Upper profits limit |
£50,000 per year |
£50,000 per year |
See Government’s news story on the draft legislation.