National Insurance Contributions
|
Class 1 (not contracted
out) |
Employer |
Employee |
|
Lower earnings limit |
|
£87 |
|
Payable on weekly
earnings |
|
|
|
£100.01 - £670 |
12.8% |
11% |
|
Over £670 |
12.8% |
1% |
|
Over state retirement age
|
as above |
Nil |
| |
|
|
Class 1A (on relevant
benefits) |
12.8% |
Nil |
| |
|
|
Class 1B (on PAYE
settlement arrangement) |
12.8% |
|
| |
|
|
Class 2 (Self employed) |
£2.20 per
week |
|
Limit of net earnings for exception |
£4,635 per
annum |
| |
|
|
Class 3 (Voluntary) |
£7.80 per
week |
| |
|
|
Class 4 (* Self employed
on profits) |
|
|
£5,225 to £34,840 |
8% |
|
Excess over £34,840 |
1% |
|
*Exemption applies if
state retirement age was reached by 6 April 2007. |
|
Note
For those earning between £87 per week and £670 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.
|
