National Insurance Contributions: Self-employed
(asked on 7th September 2015) - View Source
Question to the HM Treasury:
To ask Her Majesty’s Government what is the average amount paid in Class 4 National Insurance contributions below the Lower Profits Limit in each of the last five years.
Estimates of the number of self-employed individuals who employ other people are not available.
No Class 4 National Insurance Contributions (NICs) are paid on profits below the Lower Profits Limit (LPL). Class 4 is only charged on profits above the LPL.
Estimates of the number of individuals paying self-employed National Insurance Contributions on profits below £10,000 and the average of their contributions are in the table attached.
Number of individuals with profits of £10,000 or less paying NI Contributions (thousands) | Average paid by individuals with profits of £10,000 or less paying NI Contributions (£) | |||
Tax Year | Class 2 NIC | Class 4 NIC | Class 2 NIC | Class 4 NIC |
2010-11 | 1,600 | 865 | 103 | 144 |
2011-12 | 1,720 | 575 | 107 | 107 |
2012-13 | 1,830 | 565 | 113 | 95 |
2013-14 | 1,890 | 494 | 116 | 89 |
2014-15 | 1,860 | 467 | 117 | 80 |
The level of the LPL for these years is in the table below.
Tax Year | Class 4 NIC Lower Profit Limit (LPL) |
2010-11 | £5,715 |
2011-12 | £7,225 |
2012-13 | £7,605 |
2013-14 | £7,755 |
2014-15 | £7,956 |