National Insurance Contributions

 

2014-2015 2013-2014
CLASS 1 - EMPLOYMENT     
Lower earnings limit (LEL) weekly £111  £109 
Upper earnings limit (UEL) weekly £805 £797
Primary threshold (PT) weekly £153 £149 
Secondary threshold (ST) weekly £153 £148 
Employee contributions:    
- on earnings between PT and UEL 12% 12% 
- on earnings above UEL 2% 2% 
Employee contracted-out rebate:
- salary related 1.4%  1.4% 
Married woman's reduced rate:    
(subject to valid election)    
- on earnings between PT and UEL 5.85% 5.85% 
- on earnings above UEL 2% 2% 
Employer contributions:    
- on earnings above ST 13.8% 13.8% 
- on employer provided benefits 13.8% 13.8% 
Employer contracted-out rebate:    
- salary related 3.4% 3.4%

 

2014-2015 2013-2014
CLASS 2- SELF EMPLOYMENT  
Weekly rate £2.75 £2.70
Annual small earnings exemption limit  £5,885 £5,725

 

2014-2015 2013-2014
CLASS 3 - VOLUNTARY              
Weekly rate £13.90 £13.55

 

2014-2015 2013-2014
CLASS 4 - SELF EMPLOYMENT
Lower profits limit (LPL) annual £7,956 £7,755
Upper profits limit (UPL) annual £41,865 £41,450
Contributions:    
- on earnings between LPL and UPL 9% 9%
- on earnings above UPL 2% 2%

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