National Insurance Contributions are payable by employees, employers, and the self-employed. The type and amount of NIC depend on employment status, earnings or profits, and age.
Employees start paying Class 1 NIC from age 16, provided earnings exceed the threshold. Employee contributions stop once State Pension age is reached, although employers must continue paying their contribution.
| Earnings per week | % |
|---|---|
| Up to £242 | Nil |
| £242.01 - £967 | 8 |
| Over £967 | 2 |
State Pension and contribution-based benefit entitlement is retained for earnings between £125 and £242 per week.
| Earnings per week | % (from 6/1/24) | % (to 5/1/24) |
|---|---|---|
| Up to £242 | Nil | Nil |
| £242.01 - £967 | 10 | 12 |
| Over £967 | 2 | 2 |
Benefit entitlement applied to earnings between £123 and £242 per week.
Employers pay Class 1 NIC on employee earnings above a set threshold.
| Earnings per week | % |
|---|---|
| Up to £96 | Nil |
| Over £96 | 15 |
State Pension and contribution-based benefit entitlement is retained for earnings between £125 and £242 per week.
| Earnings per week | % |
|---|---|
| Up to £175 | Nil |
| Over £175 | 13.80 |
State Pension and contribution-based benefit entitlement is retained for earnings between £125 and £242 per week.
State Pension and contribution-based benefit entitlement is retained for earnings between £125 and £242 per week.
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