National Insurance Contributions (NICs)
| 2012/13 | |||
|---|---|---|---|
| Class 1 (not contracted out) | Employer | Employee | |
| Payable on weekly earnings of: | |||
| Below £107 (lower earnings limit) | Nil | Nil | |
| £107 - £144 (employers’ earnings threshold) | Nil | Nil | |
| £144.01 - £146 (employees’ earnings threshold) | 13.8% | Nil | |
| £146.01 - £770 (upper accrual point) | 13.8% | 12% | |
| £770.01 - £817 (upper earnings limit) | 13.8% | 12% | |
| Over £817 | 13.8% | 2% | |
| Over state retirement age, the employee contribution is generally nil | |||
| Class 1A | on relevant benefits | 13.8% | Nil |
| Class 2 | Self employed | £2.65 per week | |
| Limit of net earnings for exception | £5,595 per annum | ||
| Class 3 | Voluntary | £13.25 per week | |
| Class 4* | Self employed on profits | ||
| £7,605 - £42,475 | 9% | ||
| Excess over £42,475 | 2% | ||
| *Exemption applies if state retirement age was reached by 6 April 2012 | |||
