Personal National Insurance Rates 2019/20

This guide contains the Income Tax and National Insurance rates and Personal Allowance for the tax year 6 April 2019 to 5 April 2020. Personal Allowance. For the majority of employees, the tax-free Personal Allowance for 2019/20 will be £12,500 which means the first £12,500 of earnings in the tax year will be free of Income Tax.. the amount of gross income you can have before your personal allowance is reduced personal allowance is reduced by £1 for every £2 over the limit * personal allowance will only be reduced ... National Insurance ... National Insurance Rates and Allowances. Find your classification by looking up your NIC letter on your payslip/return. .... 2019/20; Personal Allowance – The amount of tax-free income you have each tax year: ... National Insurance rates. National Insurance bands and rates are some of the most confusing around – not least because things are different for employees, sole traders and limited company directors.. National Insurance contributions are paid by employed or self-employed workers. Find out the current NI rates, and use our National Insurance calculator to see what NICs you'll pay in 2018-19 and in the 2019-20 tax year..

Class 1 NIC thresholds 2019/20 week month year Lower Earnings Limit (LEL) £118 £512 £6,136 Primary Threshold (PT) 166 719 8,632 Secondary Threshold (ST) 166 719 8,632 Upper Secondary Threshold (UST) 962 4,167 50,000 Upper Earnings Limit (UEL) 962 4,167 50,000 Notes No NIC are payable by employee or employer on earnings up to the […]. You begin paying National Insurance once you earn more than £166 a week (this is the figure for the 2019-20 tax year). The National Insurance rate you pay depends on how much you earn: 12% of your weekly earnings between £166 and £962; 2% of your weekly earnings above £962..

A rundown of the income tax rates for 2019-20, ... the tax-free personal allowance has gone up to £12,500 — a £650 a year increase over the current personal allowance. ... The government recently announced it has decided to scrap plans to abolish Class 2 National Insurance. Instead, 2019-20 will see it rise by 5p a week.. National Insurance contributions help build your entitlement to certain state benefits, such as the State Pension and Maternity Allowance. You begin paying National Insurance once you earn more than £166 a week (this is the amount for the 2019-20 tax year). The National Insurance rate you pay depends on how much you earn:.