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Otley: 01943855700  Mob: 07918167134  email: amy@bfandsl.co.uk

Work Smarter, Increase Profitability, Re-Invest Wisely

We’ll help you develop clear long, medium and short term goals for what you
want to achieve and develop a roadmap to get you there.

Tailored Advice For Your Business Needs

We act for a wide range of businesses and offer services and packages
ideally tailored to suit your requirements.

National Insurance

The rates and thresholds for National Insurance Contributions for 2018/19 are:

Class: Weekly earnings Rate
Employer's class 1 above primary threshold Above £162 13.8%
Employee's class 1 From £162 to £892 12%
Employee's additional class 1 Above £892 2%
Married woman's rate* From £162 to £892 5.85%
Self-employed class 2 (per week) - £2.85
Share fishermen class 2 (per week) - £3.50
Volunteer development workers class 2 - £5.65
Class 3 ( per week) - £14.25
Annual profit thresholds
Self-employed class 4 From £8,424 to £46,350 9%
Self-employed class 4 additional rate Over £46,350 2%

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

Autumn Budget 2018 announced the following rates for 2019/20 (subject to enactment)

Class: Weekly earnings Rate
Employer's class 1 above primary threshold Above £166 13.8%
Employee's class 1 From £166 to £962 12%
Employee's additional class 1 Over £962 2%
Married woman's rate* From £166 to £962 5.85%
Self-employed class 2 (per week) - £3.00
Share fishermen class 2 (per week) - £3.65
Volunteer development workers class 2 - £5.90
Class 3 ( per week) - £15.00
Annual profit thresholds
Self-employed class 4 From £8,632 to £50,000 9%
Self-employed class 4 additional rate Over £50,000 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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All initial consultations are free of charge. We are here to help young and growing as well as established businesses to realise their full potential.

We believe that all entrepreneurs have an inherent genie which we try to help them realise to release.