National Insurance 2024-25: Rates, Thresholds & How It Affects Your Pay
Class 1 NI was cut to 8% in January 2024. Understand NI thresholds, rates, and how contributions affect your State Pension entitlement.
Advertisement
Employee Class 1 NI is 8% on earnings between £12,570 and £50,270, and 2% above. Employer NI is 13.8% above the secondary threshold. NI contributions count towards your State Pension qualifying years (you need 35 years for the full new State Pension of £221.20/week in 2024-25).
Disclaimer: This article is for informational purposes only and does not constitute financial, tax, or legal advice. Tax laws change frequently — consult a qualified tax professional or official government resources for advice specific to your situation.
Advertisement
Related Articles
Try the United Kingdom Tax Calculator
Calculate your exact United Kingdom income tax for 2024-25 in seconds — free & accurate.
Open Calculator