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National Insurance Contributions
| Class 1 (not contracted out) | Employer | Employee | | Lower earnings limit | | £84 | | Payable on weekly earnings | | | | £97.01 - £645 | 12.8% | 11% | | Over £645 | 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 | £4,465 per annum | | | | | Class 3 (Voluntary) | £7.55 per week | | | | | Class 4 (* Self employed on profits) | | | £5,035 to £33,540 | 8% | | Excess over £33,540 | 1% | | *Exemption applies if state retirement age was reached by 6 April 2006. |
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Note For those earning between £84 per week and £645 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.
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