National Insurance

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National Insurance

There are different classes of National Insurance Contributions of which the following may be payable by employers and/or their employees.

Class 1 Primary contributions - payable by all employees with earnings above the primary earnings threshold (currently £91 weekly or £394 monthly).

Class 1 Secondary contributions - payable by employers for employees whose earnings are above the threshold for Class 1.

Class 1A contributions - payable annually by employers on a variety of employee benefits (eg company cars, private medical insurance). There are exceptions however, such as employee pension schemes.

Class 1B contributions - only paid by employers who have a voluntary PAYE Settlement Agreement (PSA) with the Inland Revenue. This means that you agree to pay tax and Class 1B National Insurance contributions on certain minor and irregular expenses and benefits in kind (like taxi fares, use of a pool car, entertainment, use of a company holiday home).

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