|
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 2006. |
|
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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