Barnard Castle Phone: 01833 630400 Shotley Bridge Phone: 01207 507000

Tax Rates & Allowances

National Insurance

Employees

The rates and thresholds for National Insurance Contributions for 2015/16 are:

Class: Weekly earnings Rate
Employer's class 1 above primary threshold Above £155 13.8%
Employee's class 1 not contracted out From £155 to £815 12%
Employee's additional class 1 Above £815 2%
Married woman's rate* From £155 to £815 5.85%
Self-employed class 2 (per week) - £2.80
Share fishermen class 2 (per week) - £3.45
Volunteer development workers class 2 - £5.60
Class 3 ( per week) - £14.10
  Annual profit thresholds  
Self-employed class 4 From £8,060 to £42,385 9%
Self-employed class 4 additional rate Above £42,385 2%

*only available for women who made a valid married woman's election before 11 May 1977.

 

Self-employed

From April 2016 class 2 NICs will be collected through self-assessment, rather than been paid as a separate direct debit on a monthly or six-monthly basis.

 

For more information see our ...

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Our Offices

  •  

    7 Newgate
    Barnard Castle
    County Durham
    DL12 8NQ

  • Shotley Bridge Office

     

    7 Front Street
    Shotley Bridge
    Consett
    County Durham
    DH8 0HH 

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