Tax Information
Tax Rates for Employee/Employer & Self Employed NI Rates
National Insurance Thresholds:
Class 1 National Insurance Thresholds
| £ per week | 2020 to 2021 | 2019 to 2020 | 2018 to 2019 | 2017 to 2018 |
|---|---|---|---|---|
| Lower Earnings Limit (LEL) Employees do not pay National Insurance but get the benefits of paying |
£120 | £118 | £116 | £113 |
| Primary Threshold (PT) Employees start paying National Insurance |
£183 | £166 | £162 | £157 |
| Secondary Threshold (ST) Employers start paying National Insurance |
£169 | £166 | £162 | £157 |
| Upper Accrual Point (UAP) Employees with a contracted-out pension pay a lower rate of National Insurance up to this point |
N/A | N/A | N/A | N/A |
| Upper Earnings Limit (UEL) All employees pay a lower rate of National Insurance above this point |
£962 | £962 | £892 | £866 |
| Upper Secondary Threshold (UST) Employers of employees who are under 21 pay zero rate up to this point |
£962 | £962 | £892 | £866 |
| Apprentice Upper Secondary Threshold (AUST) Employers of certain apprentices who are under 25 pay zero rate up to this point |
£962 | £962 | £892 | £866 |
| Employer Rates | 2020 to 2021 | 2019 to 2020 | 2018 to 2019 | 2017 to 2018 |
|---|---|---|---|---|
| Rate above the Secondary Threshold | 13.8% | 13.8% | 13.8% | 13.8% |
| Rate below Upper Secondary Threshold | 0% | 0% | 0% | 0% |
| Rate below Apprentice Upper Secondary Threshold | 0% | 0% | 0% | 0% |
| Rebate for any employees in contracted-out pension schemes | N/A | N/A | N/A | N/A |
| Rebate for any employees in money-purchase schemes | N/A | N/A | N/A | N/A |
| Class 1A rate on expenses and benefits | 13.8% | 13.8% | 13.8% | 13.8% |
| Employee Rates | 2020 to 2021 | 2019 to 2020 | 2018 to 2019 | 2017 to 2018 |
|---|---|---|---|---|
| Between Primary Threshold and Upper Earnings Limit | 12% | 12% | 12% | 12% |
| Above Upper Earnings Limit | 2% | 2% | 2% | 2% |
| Rebate for employees in contracted-out workplace pension schemes | N/A | N/A | N/A | N/A |
| Married women’s reduced rate between primary threshold and upper earnings limit | 5.85% | 5.85% | 5.85% | 5.85% |
| Rate for employees deferring National Insurance | 2% | 2% | 2% | 2% |
Class 2 and Class 4 National Insurance (self employed)
| 2020 to 2021 | 2019 to 2020 | 2018 to 2019 | 2017 to 2018 | |
|---|---|---|---|---|
| Small Profits Threshold amount per year | £6,475 | £6,365 | £6,205 | £6,025 |
| Rate per week | £3.05 | £3 | £2.95 | £2.85 |
| £ per year | 2020 to 2021 | 2019 to 2020 | 2018 to 2019 | 2017 to 2018 |
|---|---|---|---|---|
| Lower Profits Limit Self-employed people start paying Class 4 National Insurance |
£9,500 | £8,632 | £8,424 | £8,164 |
| Upper Profits Limit Self-employed people pay a lower rate |
£50,000 | £50,000 | £46,350 | £45,000 |
| Rate between Lower Profits Limit and Upper Profits Limit | 9% | 9% | 9% | 9% |
| Rate above Upper Profits Limit | 2% | 2% | 2% | 2% |
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Personal Allowances
Personal Allowance is the amount of income a person can get before they pay tax. You can find the tables here.
National Insurance Thresholds
Personal, Self Employed and Employee National Insurance rates.
Coporation Tax
Tax rates for Corporation Tax.
Inheritance Tax
Tax rates for Inheritance Tax.
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