  
National Insurance Contributions
| Class 1 (not contracted out) |
Employer |
Employee |
| payable on weekly earnings |
|
|
| £89.01 - £595 |
12.8% |
11% |
| Over £595 |
12.8% |
1% |
Men 65 and over and
women 60 and over |
as above |
Nil |
| |
|
| Class 1A (on relevant benefits) |
12.8% |
Nil |
| |
|
| Class 2 (Self employed) |
£2.00 per week |
| Limit of net earnings for exception |
£4,095.00 per annum |
| |
|
| Class 3 (Voluntary) |
£6.95 per week |
| |
|
| Class 4 (* Self employed on profits) |
|
| £4,615 to £30,940 |
8% |
| Excess over £30,940 |
1% |
| *Exemption applies if state retirement age was reached
by 6 April 2003. |
|
Note
For those earning between £77 per week and £595
per week, employers receive a rebate on the above rates 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%.
|
