National Insurance Contributions

 

Class 1 (not contracted out)

Employer

Employee

Payable on weekly earnings of

 

 

Below £112 (lower earnings limit)

Nil

£112 – £155 (primary threshold)

*0%

Up to £156 (Secondary theshold)

 

Above £156

 

Nil

 

13.8%

£155.01 –  £827 (upper earnings limit)

 

£156.01 – £827( upper secondary threshold – under 21s)

**12%

 

 

0%

Above £827

**2%

*No NICs are catually payable but notional Class 1 NIC is deemed to have been paid; this protects contribution benefit entitlements.
**Over state pension age, the employee contribution is generally nil.

 

Employment allowance                                                      Up to £3,000 (per year)

Class 1A

On relevant benefits

13.8%

 

Class 2

Self employed

£2.80 per week

 

 

Limit of net earnings for exception

£5,965 per annum

 

Class 3

Voluntary

£14.10 per week

 

 

 

 

Class 3A

 

 

 

 

Class 4*

Self employed on profits

 

Voluntary contributions may be available to 5 April 2017 in order to obtain extra additional state pension 

 

Self employed on annual profits

 

 

 

Maximum £25 a week – variable rates according to age.

 

 

 

 

£8,060 – £43,000

*9%

 

 

 

Excess over £43,000

*2%

 

 

 

*Exemption applies if state retirement age was reached by 6 April 2016