Chapter 8 - 2.2 - Class 1 Primary NICs Flashcards
1
Q
When are contributions calculated?
A
Each time the employee is paid (weekly or monthly)
2
Q
What is the lowest weekly limit?
A
0% on earnings up to £242 per week
3
Q
What is the middle weekly limit?
A
12% on earnings between £242 and £967 per week
4
Q
What is the highest weekly limit?
A
2% above £967 per week
5
Q
What is the lowest monthly limit?
A
0% on earnings up to £1,048 per month
6
Q
What is the middle monthly limit?
A
12% on earnings between £1048 and £4189 per month
7
Q
What is the highest monthly limit?
A
2% above £4189 per month
8
Q
Who are class 1 primary NICs paid by?
A
The employee
