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Tel. 01527 68235

info@brothertonaccountants.co.uk

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Worcestershire Office
Abbeydale House,
166 Easemore Road,
Riverside, Redditch,
B98 8HE

Tel: 01527 68235

 

Birmingham Office
1st Floor,
2 Snow Hill,
Birmingham,
B4 6GA

Tel: 0121 231 3315

 

 

Tax Rates and ResourcesTax Rates & Resources | Useful Forms & Information
Useful Forms and Information Birmingham
National Insurance Contributions (NIC) 2015/2016
2015/2016

Class 1 Employed Contracted in Rates

 

Employee                                    Employer

Earnings per week % Earnings per week %
Up to 155 Nil* Up to 156 Nil*
155.01-815 12 Over 156 13.8
Over 815 2    

 

*Entitlement to contribution-based benefits retained for earnings between 112 and 155 per week.

 

Class 1A Employers  13.8% on employee taxable benefits
Class 1B Employers 13.8% on PAYE Settlement Agreements
Class 2 self employed 2.80 PW if earnings over 5965 p.a
Class 3 voluntary 14.10 PW
Class 4 self employed 9% on profits between 8,060 and 42,385 and 2% on profits above 42,385

 

NIC Class 2 Registration - Within 3 months from self employment start

 


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