Calculate your National Insurance contributions whether you're earning from employment or self-employment.
The calculator uses standard assumptions to estimate your tax breakdown. Remember, your actual take-home pay also depends on other factors like pension contributions and student loan repayments, and it may vary based on your tax code.
- Enter your salary and specify whether it is an annual or monthly figure.
- Choose employment status. This step is important because it informs the calculator about which National Insurance classes to apply.
- Click the 'Calculate' button once you're done, and you'll see your net salary and the National Insurance you're expected pay, all displayed on an annual, monthly, weekly, and daily basis.
Note: We will update this calculator in January with the new National Insurance rates
National Insurance Rates
Employed
If you are employed, you will pay Class 1 National Insurance contributions. The rates below are the most common for most employees:
- For salaries ranging from £242 to £967 per week (£1,048 to £4,189 per month), the Class 1 rate is 12% .
- For salaries exceeding £967 per week (more than £4,189 per month), the Class 1 rate is 2% .
Self Employed
If you are self-employed, you will pay Class 2 and Class 4 National Insurance contributions.
- Class 2: A flat £3.45 per week .
- Class 4: On profits between £12,570 and £50,270 the rate is 9% .
On profits over £50,270 the rate is 2% .
Disclaimer: Although the calculations are quite accurate, please use the provided information for illustrative purposes only. Do not make any major financial decisions without consulting a qualified specialist.
The daily income calculation accounts for the number of workdays in a year, including leap years, and UK Bank holidays, to precisely determine your daily earnings.
