Class 1
(not contracted out) |
Employer
|
Employee
|
| |
|
|
payable on weekly earnings
£89.01 - £585
|
11.8%
|
10%
|
| Over £585 |
11.8%
|
£49.60 max
|
Men 65 and over and
women 60 and over |
as above
|
Nil
|
| Class 1A on relevant benefits |
11.8%
|
Nil
|
Class 2 Self employed
£2.00 per week
Limit of net earnings for exception
£4,025.00 per annum
Class 3 Voluntary
£6.85 per week
Class 4* Self employed on profits
7%
£4,615 to £30,420
£1,806.35 maximum
*Exemption applies if state retirement age was reached
by 6 April 2002.
Note
For those earning between £75 per week and £585
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%.
Did you know?
That the Treasury this year expects their national insurance
revenues to be in the region of £60 billion
|
