Insurance – Blue Orchid Corporation Ltd http://www.bo-accounting.co.uk Accounting and Taxation Services - London Tue, 11 Aug 2020 10:21:00 +0000 en-GB hourly 1 https://wordpress.org/?v=5.8.1 http://www.bo-accounting.co.uk/wp-content/uploads/2020/08/cropped-blue-orchid-logo-32x32.jpg Insurance – Blue Orchid Corporation Ltd http://www.bo-accounting.co.uk 32 32 National Insurance Contributions http://www.bo-accounting.co.uk/informations/national-insurance-contributions/ Tue, 11 Aug 2020 08:34:03 +0000 http://www.bo-accounting.co.uk/?p=117 Class 1 (not contracted out) Employer Employee Payable on weekly earnings of Up to £102 (lower earnings limit)
Nil
Nil
£102 – £136 (employers’ earnings threshold)
Nil
Nil
£136.01 – £139 (employees’ earnings threshold)
13.8%
Nil
£139.01 – £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 1B (on PAYE settlement arrangement)
13.8%
Nil
Class 2 (Self employed) £2.50 per week Limit of net earnings for exception £5,315 per annum Class 3 (Voluntary) £12.60 per week Class 4* (Self employed on profits) £7,225 – £42,475 9% Excess over £42,475 2%

*Exemption applies if state retirement age was reached by 6 April 2011 Note For those earning between £102 per week and £770 per week, employers receive a rebate of 1.4% on contracted out money purchase schemes or 3.7% on contracted out salary related schemes, and employees a rebate of 1.6% for either scheme.

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