National Insurance Contributions

Class 1 (not contracted out)

 

Payable weekly earnings of:

Employer

Employee

Below £111 (lower earnings limit)

Nil

£111 – £153 (Priamry threshold)

0%

Up to £153 (secondary threshold)

Nil

Above £153

13.8%

£153.01 – £805 (upper earnings threshold)

12%

over £805

**2%

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

 

Employment Allowance up to £2,000 (per year)

Class 1A

On relevant benefits

13.8%

 

Class 2

Self employed

£2.75 per week

 

 

Limit of net earnings for exception

£5,885 per annum

 

Class 3

Voluntary

£13.90 per week

 

 

Class 4*

Self employed on profits

 

 

 

 

£7,956 – £41,865

9%

 

 

 

Excess over £41,865

2%

 

 

*Exemption applies if state retirement age was reached by 6 April 2013