National Insurance Explained: What You Pay and Why

June 16, 2026
🏷️ national-insurance 🏷️ income-tax 🏷️ state-pension 🏷️ self-employment 🏷️ tax-rates

National Insurance (NI) is one of the biggest deductions from most UK workers’ payslips — yet many people have little idea what it actually pays for or how it affects their future benefits. This guide explains what NI is, what you pay, and why it matters.

What Is National Insurance?

National Insurance is a tax on earnings paid by employees, employers, and the self-employed. It funds a range of state benefits, most notably the State Pension and the NHS. Unlike income tax, which funds general government spending, NI contributions are hypothecated — meaning they’re specifically ring-fenced for social security purposes.

What Your NI Contributions Fund

NI Contribution Classes

There are several classes of NI, depending on your employment status and income level.

Class 1: Employees and Employers

If you’re employed, both you and your employer pay Class 1 NI. This is the most common type.

Employee rates (2026/27):

Earnings BandWeeklyMonthlyAnnualRate
Below £242 (£12,570/year)£0£0£00%
£242 - £967 (£12,570 - £50,270)£58.00 - £764.00£251.30 - £3,308.80£3,015 - £39,7008%
Above £967 (£50,270)Above £764.00Above £3,308.80Above £39,7002%

Employer rates (2026/27):

Earnings BandWeeklyMonthlyAnnualRate
Below £175 (£9,100/year)£0£0£00%
Above £175 (£9,100)Above £34.00Above £147.30Above £1,76813.8%

Class 2: Self-Employed (Flat Rate)

If you’re self-employed and your profits exceed the Small Profits Threshold (£12,570 for 2026/27), you pay a flat weekly rate. Class 2 NI counts towards your State Pension record and other contributory benefits.

For 2026/27, the Class 2 rate is £3.45 per week (£179.40 per year). If your profits are between the Small Profits Threshold and the Lower Profits Limit (£12,570), you can pay voluntarily but aren’t required to.

Class 4: Self-Employed (Profits-Based)

Class 4 NI is charged on self-employed profits above the Lower Profits Limit. Unlike Class 2, it does not count towards your State Pension record — it’s purely a tax on profits.

Profits BandRate
Below £12,5700%
£12,570 - £50,2708%
Above £50,2702%

Quick Comparison

ClassWho PaysWhat It Counts TowardsRate (2026/27)
Class 1 (Employee)EmployeesState Pension, benefits8% / 2%
Class 1 (Employer)EmployersNothing for employee13.8%
Class 2Self-employedState Pension, benefits£3.45/week
Class 4Self-employedNothing (tax only)8% / 2%

Voluntary NI Contributions

You can top up gaps in your NI record by making voluntary contributions. This is particularly valuable if you’re approaching State Pension age and have fewer than 35 qualifying years.

Why Buy Missing Years?

Each additional qualifying year adds roughly £275 to your annual State Pension. The cost of a voluntary Class 3 contribution for a full year is £179.40 — meaning you could receive back roughly 1.5 times what you pay in, every year for the rest of your life after reaching State Pension age.

For example, if you have 30 qualifying years and buy 5 more:

How to Pay

You can pay online through the gov.uk voluntary NI contributions service or by calling the NI helpline.

Time Limits

You can normally only fill gaps from the past 6 years. However, there’s a special window allowing you to fill gaps from 2006/07 onwards — this was extended and is available until 5 April 2025. Check with HMRC if you’re unsure about your eligibility.

NI Credits

If you can’t work — because you’re caring for someone, unemployed, or on certain benefits — you may still receive NI credits. These count as qualifying years without you having to pay anything.

Carer’s Credit

If you spend at least 20 hours per week caring for someone with substantial caring needs, you may qualify for Carer’s Credit. This is especially important for unpaid carers who would otherwise have gaps in their NI record.

Parent’s Credit

If you’re responsible for a child under 12, you automatically receive NI credits through the Child Benefit system. Even if you don’t claim Child Benefit (for example, if your partner earns more), you should still register to ensure you receive the credits.

Other Credits

How to Check Your NI Record

You can check your NI record online through the gov.uk Check your State Pension forecast service. This will show you:

You can also call the NI helpline on 0300 200 3500 to request a statement by post.

What to Look For

Key Takeaways

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