Class 4 national insurance contributions rates

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National Insurance is paid by either employees or self-employed who are over 16 and have a certain weekly income. The current rate is £14. He has just told us that £14 billion of tax revenue is at risk because of the way national insurance is encouraging people to become, apparently, self-employed, and encouraging other abuses.

I made that clear in my autumn statement to this House. Money Compare are trading names of Which? Sickeningly, at the same time as the Chancellor was cutting taxes for the rich and corporations, large numbers of self-employed people have been put through the mangle over the past week, worried about how they would cope with this tax increase, yet today there is not a word of apology. Current rates are shown on the hmrc.

Rates & Allowances 2018/2019: National Insurance Contributions - The lessons of this review will be generally applicable across the United Kingdom, but they will certainly play an important role in Northern Ireland. Our analysis suggests that a significant part of that increase is driven by differences in tax treatment.