Self-employed National Insurance rates
If you’re self-employed and your profits are £12,570 or more a year, you usually pay Class 2 and Class 4 National Insurance rates.
You work out your profits by deducting your expenses from your self-employed income.
How much you pay
Class | Rate for tax year 2023 to 2024 |
---|---|
Class 2 | £3.45 a week |
Class 4 | 9% on profits between £12,570 and £50,270 2% on profits over £50,270 |
You can see National Insurance rates for past tax years.
How to pay
Most people pay Class 2 and Class 4 National Insurance through Self Assessment.
You must tell HM Revenue and Customs (HMRC) when you become self-employed as a sole trader or as a partnership.
Special rules for specific jobs
Some self-employed people do not pay National Insurance through Self Assessment, but may want to pay voluntary contributions. These are:
- examiners, moderators, invigilators and people who set exam questions
- people who run businesses involving land or property
- ministers of religion who do not receive a salary or stipend
- people who make investments for themselves or others - but not as a business and without getting a fee or commission