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- You do not pay National Insurance after you reach State Pension age - unless you’re self-employed and pay Class 4 contributions. You stop paying Class 4 contributions at the end of the tax year in which you reach State Pension age.
www.nidirect.gov.uk/articles/national-insurance-after-state-pension-age
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- If you’re employed
- If you’re self-employed
- If you’re employed and self-employed
- Directors, landlords and share fishermen
You pay Class 1 National Insurance contributions.
The Class 1 National Insurance rates for most people for the 2023 to 2024 tax year are:
You’ll pay less if:
•you’re a married woman or widow with a valid ‘certificate of election’
•you’re deferring National Insurance because you’ve got more than one job
Employers pay a different rate of National Insurance depending on their employees’ category letters.
You pay Class 2 and Class 4 National Insurance, depending on your profits. Most people pay both through Self Assessment.
If your profits are from £6,725 to £12,570 a year, your contributions are treated as having been paid to protect your National Insurance record.
You may be able to pay voluntary contributions to avoid gaps in your National Insurance record if you:
•have profits of less than £6,725 a year from your self-employment
•have a specific job (such as an examiner or business owner in property or land) and you do not pay Class 2 National Insurance through Self Assessment
If you have gaps and do not pay voluntary contributions, this may affect the benefits you can get, such as the State Pension.
You might be an employee but also do self-employed work. In this case your employer will deduct your Class 1 National Insurance from your wages, and you may have to pay Class 2 and 4 National Insurance for your self-employed work.
How much you pay depends on your combined wages and your self-employed work. HMRC will let you know how much National Insurance is due after you’ve filed your Self Assessment tax return.
There are different National Insurance rules if you’re a:
•director of a limited company
•landlord running a property business
•share fisherman, for example you’re working on a British fishing boat but not under a contract of service
Apr 8, 2024 · 4a – Paying National Insurance contributions. You pay National Insurance contributions when you work and are earning over a minimum amount (£242 a week in 2024 to 2025).
Calculate the amount of National Insurance you can expect to pay in the 2024-25, 2023-24, 2022-23 and 2021-22 tax years. Anyone who earns income in the UK may need to pay National Insurance (NI) - whether you're employed or self-employed. The amount you pay will vary depending on your income and employment status.
Do I have to pay National Insurance when I retire? Your National Insurance contributions depend on your employment status, how much you earn, and your age and retirement status. When you reach state pension age you no longer have to pay National Insurance contributions, even if you continue working.
Apr 6, 2024 · Normally you have six years from the end of the relevant tax year in which to pay class 3 NIC although if you pay them more than two years after the end of the relevant tax year, you may have to pay them at a higher rate.
How Jobseeker's Allowance, low income support and the state pension are linked to National Insurance contributions, what they are worth and how you can claim. Find out the benefits you may receive as a result of making National Insurance contributions and what it means for your pension
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