National Insurance Contributions


Class 1 (not contracted out) Employer Employee
Lower earnings limit   £84
Payable on weekly earnings    
£97.01 - £645 12.8% 11%
Over £645 12.8% 1%
Men 65 and over and
women 60 and over
as above Nil
   
Class 1A (on relevant benefits) 12.8% Nil
   
Class 1B (on PAYE settlement arrangement) 12.8%  
   
Class 2 (Self employed) £2.10 per week
Limit of net earnings for exception £4,465 per annum
   
Class 3 (Voluntary) £7.55 per week
   
Class 4 (* Self employed on profits)  
£5,035 to £33,540 8%
Excess over £33,540 1%
*Exemption applies if state retirement age was reached by 6 April 2015.

Note

For those earning between £84 per week and £645 per week, employers receive a rebate of 1.0% on contracted out money purchase schemes or 3.5% on contracted out final salary schemes, and employees, a rebate of 1.6% for either scheme.

 

 

 

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