| National
Insurance Contributions
|
| 2011/12 |
|
|
|
| Class 1
(Earnings related) |
Not
contracted out |
Contracted
out |
| Employees |
|
|
|
| Weekly earnings |
|
|
|
| First £139 |
Nil
|
Nil
|
| £139.01
- £770 |
12%
|
10.4%
|
| £770.01 -
£817 |
12%
|
12%
|
| Over £817 |
2% |
2% |
|
|
|
|
| Employers |
NCO
|
SRS
|
MPS |
| Weekly earnings |
|
|
|
| First £136 |
Nil
|
Nil
|
Nil
|
| £136.01
- £770 |
13.8%
|
10.1%
|
12.4%
|
| Over £770 |
13.8%
|
13.8%
|
13.8%
|
| |
| Employees' rates
are reduced to 5.85% for married women with valid certificates
of election but the 2% rate above £817 still applies.
Rates are nil for employees over the state pensionable age.
Normal employers' contributions are still payable. |
| Employers also receive
a rebate of 3.7% for salary-related schemes and 1.4% for money
purchase schemes on earnings from £102 to £136 per
week. A rebate of 1.6% on earnings from £102 to £139
per week is given to employees (or employers where insufficient
contributions have been paid for offset) |
| |
| |
| Class
1A and
Class 1B - 13.8% |
Class 2 -(Self-employed)
Flat rate £2.50
a week. Small earnings exemption £5,315 a year. |
Class 3 -(Voluntary
contributions)
£12.60 a week. |
| Class 4
-(Self-employed)
9% of profits between
£7,225 and £42,475 per year. 2% of profits above
£42,475 per year.
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