National Insurance Contributions
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 final salary schemes, and employees a rebate of 1.6% for either scheme.
| Class 1 (not contracted out) | Employer | Employee |
|---|---|---|
| Payable on weekly earnings of | ||
| Below £102 (lower earnings limit) | Nil | Nil |
| £102 - £136 (Employers' earnings threshold) | Nil | Nil |
| £136.01 - £139 (Employees'earnings threshold) | 13.8% | 0% |
| £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) | ||
| £5,715 - £43,875 | 9% | |
| Excess over £43,875 | 2% | |
| *Exemption applies if state retirement age was reached by 6 April 2010. | ||
