Rapid Tax - National Insurance

National Insurance

		2011/12
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