National Insurance Contributions

 

Class 1 (Employees)
Not Contracted-out of State Second Pension (S2P)
2015/162014/15
EmployeeEmployerEmployeeEmployer
NIC rate12%13.8%12%13.8%
No NICs (under 21) on the first£155 pw£815 pw£153 pw£153 pw
No NICs (21 and over) on the first£155 pw£156 pw£153 pw£153 pw
NICs charged up to£815 pwNo limit£805 pwNo limit
NICs on earnings over£815 pw: 2%N/A£805 pw: 2%N/A
Employment allowance per business2015/162014/15
Offset against employer’s Class 1 NICs£2,000£2,000
Earnings limit or threshold2015/162014/15
Weekly Monthly Annual
Weekly
Monthly
Annual
££££££
Lower earnings limit1124865,8241114815,772
Secondary earnings threshold1566768,1121536637,956
Primary earnings threshold1556728,0601536637,956
Upper accrual point7703,33740,0407703,33740,040
Upper earnings limit8153,53242,3858053,48941,865
Contracted-out S2P rebate2015/162014/15
On band earnings*£112-£770 pw£111-£770 pw
Employer rebate3.4%3.4%
Employee rebate1.4%1.4%
* Salary related scheme only.
Class 1A (Employers)2015/162014/15
Most taxable employee benefits13.8%13.8%
Class 2
(Self-Employed)
2015/162014/15
Flat rate£2.80 pw
£145.60 pa

£2.75 pw
£143.00 pa

Small profits threshold£5,965 pa£5,885 pa
Class 4
(Self-Employed)
2015/162014/15
On profits£8,060-£42,385 pa: 9%£7,956-£41,865 pa: 9%
Over £42,385 pa: 2%Over £41,865 pa: 2%
Voluntary2015/162014/15
Class 3 flat rate£14.10 pw
£733.20 pa
£13.90 pw
£722.80 pa
Class 3A (from 12/10/15)amount depending on ageN/A
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