Class 2 and 4 - Self employed

Class 2 and Class 4 - Self employed rates and thresholds

Earnings or Benefits 2019/20 Annual 2020/21 Annual
Class 2
Earnings or BenefitsSmall Earnings Exemption (SEE) threshold2019/20 Annual£6,365.002020/21 Annual£6,475.00
Earnings or BenefitsBelow SEE2019/20 Annual£0.002020/21 Annual£0.00
Earnings or BenefitsWeekly flat rate above SEE2019/20 Annual£3.002020/21 Annual£3.05
Class 4
Earnings or BenefitsSEE threshold2019/20 Annual£6,365.002020/21 Annual£6,475.00
Earnings or BenefitsLower Profits Limit (LPL)2019/20 Annual£8,632.002020/21 Annual£9,500.00
Earnings or BenefitsUpper Profits Limit (UPL)2019/20 Annual£50,000.002020/21 Annual£50,000.00
Earnings or BenefitsBelow SEE2019/20 Annual0.0%2020/21 Annual0.0%
Earnings or BenefitsBetween SEE and LPL2019/20 Annual0.0%2020/21 Annual0.0%
Earnings or BenefitsBetween LPL and UPL2019/20 Annual9.0%2020/21 Annual9.0%
Earnings or BenefitsAbove UPL2019/20 Annual2.0%2020/21 Annual2.0%