| |
| Class 1 |
Weekly |
Monthly |
Yearly |
Lower Earnings Limit
|
£102
|
£442
|
£5,304
|
Primary Threshold - Employees (PT)
|
139
|
602
|
7,225
|
Secondary Threshold - Employers (ST)
|
136
|
589
|
7,072
|
| Upper Accrual Point (UAP) |
770
|
3,337
|
40,040
|
| Upper Accrual Point (UAP) |
817
|
3,540
|
42,475
|
|
| |
| Employer's Contribution |
Contracted In |
Contracted Out |
| |
|
Salary Related Scheme |
Money Purchase Scheme |
| On earnings up to ST |
Nil |
Nil |
Nil |
| On earnings between PT and UAP |
13.8% |
10.1% |
12.4% |
| On earnings above UAP |
13.8% |
13.8% |
13.8% |
|
| |
| Employee's Contribution |
Contracted in: 12% on earnings between PT and UEL, 2% above UEL.
Contracted Out: 10.4% on earnings between PT and UAP; 12% from UAP to UEL; 2% above UEL.
Earnings over LEL qualify for benefit, and must be reported under PAYE, but no NICs are payable
until earnings reach PT.
The reduced Class 1 rate payable by certain married women and widows is 5.85% for earnings between PT and UEL, 2% above UEL. |
| |
| Class 2 (Self-employed) |
Earnings over £5,315 per year |
£2.50 per week |
| Class 3 (Voluntary) |
No limit applicable |
£12.60 per week |
| Class 4 (Self-employed) |
Profits between £7,225 and £42,475 |
9% |
| |
Profits above £42,475 |
2% |
|
