National Insurance Contributions Summary 2012

Class 1 (Employees) Not Contracted out of State Second Pension S2P
2012/13 2011/12
Employee: Employee:
No NICs where earnings are up to £146 a week 12% NICs on £146.01-£817 a week 2% NICs over £817 a week No NICs where earnings are up to £139 a week 12% NICs on £139.01-£817 a week 2% NICs over £817 a week
Employer: Employer:
No NICs on the first £144 a week 13.8% NICs over £144 a week No NICs on the first £136 a week 13.8% NICs over £136 a week
Earnings limit or threshold 2012/13 2011/12
Weekly Monthly Annual Weekly Monthly Annual
£ £ £ £ £ £
Lower limit (LEL) 107 464 5,564 102 442 5,304
Primary earnings threshold 146 634 7,605 139 602 7,225
Secondary earnings threshold 144 624 7,488 136 589 7,072
Upper accrual point 770 3,337 40,040 770 3,337 40,040
Upper limit (UEL) 817 3,540 42,475 817 3,540 42,475
Contracted-out S2P rebate 2012/13 2011/12
Reduction on band earnings £107.01-£770 pw £102.01-£770 pw
Employer rate reduction:
  • Salary-related scheme
3.4% 3.7%
  • Money-purchase scheme
N/A 1.4%
Employee rate reduction 1.4% 1.6%
Class 1A (Employers) 2012/13 2011/12
Most taxable employee benefits 13.8% 13.8%
Class 2 (Self-Employed) 2012/13 2011/12
Flat rate £2.65 pw £137.80 pa
£2.50 pw £130.00 pa
Small earnings exception £5,595 pa £5,315 pa
Class 4 (Self-Employed) 2012/13 2011/12
On profits £7,605-£42,475 pa9% £7,225-£42,475 pa9%
Over £42,475 pa2% Over £42,475 pa 2%
Class 3 (Voluntary) 2012/13 2011/12
Flat rate £13.25 pw£689.00 pa £12.60 pw £655.20 pa
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