NI Contributions
| Class 1 (not contracted out) |
Employer |
Employee |
| Payable on weekly earnings of |
|
|
| Below £107 (lower earnings limit) |
0% |
0% |
| £107 – £144 |
0% |
0% |
| £144.01 – £146 |
13.8% |
0% |
| £146.01 – £817 (upper earnings limit) |
12.8% |
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) |
£2.65 per week |
| Limit of net earnings for exception |
£5,595 per annum |
|
|
| Class 3 (Voluntary) |
£13.25 per week |
|
|
| Class 4* (Self employed on profits) |
|
| £7,605 to £42,475 |
9% |
| Excess over £42,475 |
2% |
| *Exemption applies if state retirement age was reached by 6 April 2012. |
|
Note
For those earning between £144 per week and £817 per week, employers receive a rebate of 3.4% on contracted out final salary schemes, and employees, a rebate of 1.4%. The rebate for money purchase schemes is abolished from 6 April 2012.
For children under 16, and employees over state pension age there are no national insurance contributions payable, but employers’ contributions remain payable.
