National Insurance Contributions
| Class 1 (not contracted out) |
Employer |
Employee |
| Lower earnings limit |
|
£82 |
| Payable on weekly earnings |
|
|
| £94.01 - £630 |
12.8% |
11% |
| Over £630 |
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 |
£4,345 per annum |
| |
|
| Class 3 (Voluntary) |
£7.35 per week |
| |
|
| Class 4 (* Self employed
on profits) |
|
| £4,895 to £32,760 |
8% |
| Excess over £32,760 |
1% |
| *Exemption applies if state
retirement age was reached by 6 April 2005. |
|
Note
For those earning between £82 per week and £630 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.
|
