Published On: Thu, Jun 25th, 2020

National Insurance contributions can be deferred in certain contexts– are you eligible? | Personal Finance | Finance

For the current tax year, employed individuals can expect to pay class one contributions.

This is split into two rates, 12 percent will be levied for people who earn between £183 and £962 a week.

People who earn more than £962 a week will pay a rate of two percent on earnings over the £962 threshold.

Self-employed individuals will pay either class two or four contributions, depending on their profits.

Most self-employed individuals will pay their National Insurance bills through a self-assessment form.

READ MORE: ISA rates: Cash ISA ‘essential’ for pensioners

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