What is class a national insurance

National Insurance class. Who pays. Class 1. Employees earning more than £242 a week and under State Pension age - they're automatically deducted by your employer. Class 1A or 1B.

What is category A in NI?

NI categories\n\n A – Employees that are aged 21 to state pension age, and aren't in B, C, H, J, M, V, X and Z or working in a Freeport. B – Married women and widows entitled to pay reduced National Insurance.

What is the difference between Class 1 and Class 1A National Insurance?

Class 1 National Insurance contributions (NICs) are payable by employees and employers. Employed earners (employees) pay primary contributions and employers pay secondary contributions. Employers are also liable to pay employer-only Class 1A NICs on most taxable benefits and expenses.

What is class 1A nic?

Class 1A National Insurance contributions are payable on most benefits provided to employees. Class 1A National Insurance contributions are also payable on non-contractual termination payments that exceed the ꌰ,000 threshold and are not already subject to Class 1 National Insurance contributions.

Is Class 2 A National Insurance?

You usually pay 2 types of National Insurance if you're self-employed: Class 2 if your profits are more than ꌑ,908 a year. Class 4 if your profits are ꌑ,909 or more a year.