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National Insurance

National Insurance – Rates and Allowances 2015-16 2014-15
Lower weekly earnings limit, primary Class 1 £112 £111
Upper weekly earnings limit, primary Class 1 £815 £805
Upper weekly accruals point £770 £770
Primary weekly earnings threshold £155 £153
Secondary weekly earnings threshold £156 £153
Employees’ primary Class 1 rate between primary earnings threshold and upper earnings limit 12% 12%
Employees’ primary Class 1 rate above upper earnings limit 2% 2%
Employees’ contracted-out rebate between primary earnings threshold and upper earnings limit 1.40% 1.40%
Married women’s reduced rate between primary earnings threshold and upper earnings limit 5.85% 5.85%
Married women’s rate above upper earnings limit 2% 2%
Employers’ secondary Class 1 rate above secondary earnings threshold 13.80% 13.80%
Employers’ contracted-out rebate, final salary-related schemes 3.40% 3.40%
Class 2 weekly rate £2.80 £2.75
Class 2 small earnings exception £5,965 per year £5,885 per year
Special Class 2 weekly rate for share fishermen £3.45 £3.40
Special Class 2 weekly rate for volunteer development workers £5.60 £5.55
Class 3 voluntary weekly rate £14.10 £13.90
Class 4 lower profits limit £8,060 per year £7,956 per year
Class 4 upper profits limit £42,385 per year £41,865 per year
Class 4 rate between lower profits limit and upper profits limit 9% 9%
Class 4 rate above upper profits limit 2% 2%

A tax free allowance of £2,000 is available to all businesses and charities. The allowance is offset against the employers Class 1 secondary NICs.

From 6 April 2015, no employers’ contributions are payable in respect of weekly earnings up to £815 paid to employees under 21.