Budget 2004 - Back to Menu


National Insurance Contributions


Class 1 (Employees)
  Contracted In Contracted Out
    Salary Related Money Purchase
Employee contributions      
- on earnings between £91.01 and £610pw 11.0% 9.4% 9.4%
- on earnings above £610pw 1.0% 1.0% 1.0%
Employer contributions      
- on earnings between £91.01 and £610pw 12.8% 9.3% 11.8%
- on earnings above £610pw 12.8% 12.8% 12.8%
Employer contributions (at 12.8%) are due on most benefits in kind and on tax paid on an employee's behalf under a PAYE settlement agreement.
 
Class 2 (Self-employed)
Flat rate per week £2.05
Small earnings exception: profits per annnum £4,215
 
Class 3 (Voluntary)
Flat rate per week £7.15
 
Class 4 (Self-employed)
On profits £4,745 - £31,720 8.0%
On profits over £31,720 1.0%