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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.

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