National Insurance Contributions
| Class 1 (not contracted out) |
Employer |
Employee |
| Payable on weekly earnings of |
|
|
| Below £97 (lower earnings limit) |
Nil |
Nil |
| £97-£110 (earnings threshold) |
0% |
0% |
| £110.01 - £770 (upper accrual point) |
12.8% |
11% |
| £770.01 - £844 (upper earnings limit) |
12.8% |
11% |
| Over £844 |
12.8% |
1% |
| Over state retirement age, the employee contribution is generally Nil |
| Class 1A (on relevant benefits)
| 12.8% |
Nil |
| |
|
| Class 1B (on PAYE settlement arrangement)
| 12.8% |
Nil |
| |
|
| Class 2 (Self employed)
| £2.40 per week |
| Limit of net earnings for exception |
£5,075 per annum |
| |
|
| Class 3 (Voluntary)
| £12.05 per week |
| |
|
| Class 4* (Self employed on profits)
| |
| £5,715 - £43,875 |
8% |
| Excess over £43,875 |
1% |
| *Exemption applies if state retirement age was reached by 6 April 2010. | |
Note
For those earning between £97 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 final salary schemes, and employees a rebate of 1.6% for either scheme.