National Insurance Contributions
| Class
1 (not contracted out) |
Employer |
Employee |
| Lower
earnings limit |
|
£90 |
| Payable
on weekly earnings |
|
|
| £105.01
- £770 |
12.8% |
11% |
| Over £770 |
12.8% |
1% |
| Over
state retirement age |
12.8% |
Nil |
| |
|
| Class
1A (on relevant benefits) |
12.8% |
Nil |
| |
|
| Class
1B (on PAYE settlement arrangement) |
12.8% |
Nil |
| |
|
| Class
2 (Self employed) |
£2.30
per week |
| Limit
of net earnings for exception |
£4,825
per annum |
| |
|
| Class
3 (Voluntary) |
£8.10
per week |
| |
|
| Class
4 (* Self employed on profits) |
|
| £5,435
to £40,040 |
8% |
| Excess
over £40,040 |
1% |
| *Exemption
applies if state retirement
age was reached by 6 April
2008. |
|
Note
For those earning between £90
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.
|
