National Insurance Contributions

 

2015-2016

2014-2015

CLASS 1 - EMPLOYMENT     
Lower Earnings Limit (LEL) weekly £112 £111
Upper Earnings Limit (UEL) weekly £815 £805
Primary Threshold (PT) weekly £155 £153
Secondary Threshold (ST) weekly £156 £153
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%
Employment allowance (per employer) £2,000 £2,000

 

* 0% from 6 April 2015 in respect of employees aged under 21 on weekly earnings up to £815.

 

2015-2016

2014-2015

CLASS 2 - SELF EMPLOYMENT  
Weekly rate £2.80 £2.75
Small Profits Threshold (was Small Earnings Exception Limit)  £5,965 £5,885

  

2015-2016

2014-2015

CLASS 3 - VOLUNTARY              
Weekly rate £14.10 £13.90

 

2015-2016

2014-2015

CLASS 4 - SELF EMPLOYMENT
Lower Profits Limit (LPL) annual £8,060 £7,956
Upper Profits Limit (UPL) annual £42,385 £41,865
Contributions:    
- on earnings between LPL and UPL 9% 9%
- on earnings above UPL 2% 2%

Budget 2015

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