Contracted-Out Money Purchase Contribution Rates

On 6 April 2012 all contracting-out certificates held by money purchase schemes were cancelled automatically.

For rates and earnings limits from 6 April 2016 see our new National Insurance rates and earnings limits page

 Weekly EarningsMonthly EarningsAnnual Earnings    
YearFromToFromToFromToEmp'ee Contri-butionEmp'er Contri-butionC/Out Rebate Emp'eeC/Out Rebate Emp'er
2011/12 £0 £102.01 £136.01 £139.01 £770.01
>£817
£102 £136 £139 £770 £817 £0 £442.01 £589.01 £602.01 £3,337.01
>£3,540
£442 £589 £602 £3,337 £3,540 £0 £5,304.01 £7,072.01 £7,225.01 £40,040
>£42,475
£5,304 £7,072 £7,225 £40,040 £42,475 Nil
Nil
Nil
10.4% 12.0%
2%
Nil
Nil
12.4% 12.4% 13.8% 13.8%
Nil
Nil
Nil
1.6%*
Nil
Nil
Nil
Nil
1.4% 1.4%
Nil
Nil
2010/11 £0 £110.01 £770.01
>£844
£110 £770 £844 £0 £476.01 £3,337.01
>£3,656
£476 £3,337 £3,656 £0 £5,715.01 £40,040.01
>£43,875
£5,715 £40,040 £43,875 Nil
9.4% 11%
1%
Nil
11.4% 12.8% 12.8%
Nil
1.6%*
Nil
1.4%
2009/10 £0 £110.01 £770.01
>£844
£110 £770 £844 £0 £476.01 £3,337.01
>£3,656
£476 £3,337 £3,656 £0 £5,715.01 £40,040.01
>£43,875
£5,715 £40,040 £43,875 Nil
9.4%
11%
1%
Nil
11.4% 12.8% 12.8%
Nil
1.6%*
Nil
1.4%
2008/09 £0 £105.01
>£770
£105 £770 £0 £453.01
>£3,337
£453 £3,337 £0 £5,435.01
>£40,040
£5,435 £40,040 Nil
9.4%
1%
Nil
11.4% 12.8%
Nil
1.6%*
Nil
1.4%
2007/08 £0 £100.01
>£670
£100 £670         Nil
9.4% 1%
Nil
11.4% 12.8%
Nil
1.6%*
Nil
1.4%

* See table below
C/Out = Contracted-Out
Emp'ee = Employee
Emp'er = Employer

Plus age-related rebates of:

AgeRebate
15 0%
20 0.4%
25 0.8%
30 1.3%
35 1.8%
40 2.6%
45 3.5%
50-63 4.4%

There are further age-related rebates available. See our Contracted-out MP page.

Last updated: 11 Mar 2016

This website is intended for financial advisers only and shouldn't be relied upon by any other person. If you are not an adviser please visit royallondon.com.

The Royal London Mutual Insurance Society Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. The firm is on the Financial Services Register, registration number 117672. It provides life assurance and pensions. Registered in England and Wales number 99064. Registered office: 55 Gracechurch Street, London, EC3V 0RL.