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National Insurance Contributions (NIC) 2015/2016


Class 1 Employed Contracted in Rates

Employee Employer 
Earnings per week%Earning per week%
Up to £157Nil*Up to £157Nil*
£157.01-£86612Over £15713.8
Over £8662
Class 1A Employers13.8% on employee taxable benefits
Class 1B Employers13.8% on PAYE Settlement Agreements
Class 2 self employed£2.85 pw now collected through self-assessment
Class 3 voluntary£14.25 pw
Class 4 self employed9% profits between £8,164 and £45,000 and 2% profits aboe £45,000

NIC Class 2 Registration – Within 3 months from self employment start.

If you have any questions or would like further information please call on 01527 68235