National Insurance
Class 1 (employed)
contracted in
2013/14 Rates |
| Weekly earnings |
Employee |
Weekly earnings |
Employer |
| Up to £149 |
Nil* |
Up to £148 |
Nil |
|
£149.01 - £797
|
12% |
Over £148
|
13.8% |
| Over £797 |
2% |
|
|
* Entitlement to contribution-based benefits retained for earnings between £109 and £149 per week.
| Employment class |
Rates |
| Class 1A (employers) |
13.8% on employee taxable benefits |
| Class 1B (employers) |
13.8% on PAYE Settlement Agreements |
| Class 2 (self-employed) |
flat rate per week £2.70
small earnings exception p.a. £5.725 p.a. |
| Class 3 (voluntary) |
flat rate per week £13.55 |
| Class 4 (self-employed) |
9% on profits between £7,755 and £41,450 plus 2% on profits over £41,450 |
Disclaimer
Rates are for guidance only. No responsibility for loss occasioned by any person acting/refraining from action as a result of this information can be accepted by the authors or firm.
Company Information - Walker Thompson is a trading name of Walker Thompson Ltd registered in England and Wales. Company registration number 06574838
Registered Office - Empress House :: 43a Binley Road :: Coventry CV3 1HU :: T 024 7663 5522 :: F 024 7663 5518 :: E
clientcare@walkerthompson.co.uk