National Insurance Contributions
| Class 1 (not contracted out) |
Employer |
Employee |
| Payable on weekly earnings of |
|
|
| Up to £102 (lower earnings limit) |
Nil |
Nil |
| £102 - £136 (employers’ earnings threshold) |
Nil |
Nil |
| £136.01 - £139 (employees’ earnings threshold) |
13.8% |
Nil |
| £139.01 - £770 (upper accrual point) |
13.8% |
12% |
| £770.01 - £817 (upper earnings limit) |
13.8% |
12% |
| Over £817 |
13.8% |
2% |
| Over state retirement age, the employee contribution is generally Nil |
| |
|
| Class 1A (on relevant benefits) |
13.8% |
Nil |
| |
|
| Class 1B (on PAYE settlement arrangement) |
13.8% |
Nil |
| |
|
| Class 2 (Self employed) |
£2.50 per week |
| Limit of net earnings for exception |
£5,315 per annum |
| |
|
| Class 3 (Voluntary) |
£12.60 per week |
| |
|
| Class 4* (Self employed on profits) |
|
| £7,225 - £42,475 |
9% |
| Excess over £42,475 |
2% |
| *Exemption applies if state retirement age was reached by 6 April 2011. |
|
Note
For those earning between £102 per week and £770 per week, employers receive a rebate of 1.4% on contracted out money purchase schemes or 3.7% on contracted out salary related schemes, and employees a rebate of 1.6% for either scheme.
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