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

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