01494 863620 
karen@barrys.biz 

Tax Facts - NI & Individual Savings 

2016/17 
Employees 
Employers 
Weekly earnings 
 
 
First £155 
Nil* 
Nil 
£155.01- £827 
12% 
13.8%** 
Over £827 
2% 
 
2015/16 
Employees 
Employers 
Weekly earnings 
 
 
First £155 
Nil 
Nil 
£155.01 - £815 
12% 
13.8% 
Over £815 
2% 
 
 
*Entitlement to contribution based benefits retained for earnings between £112 and £155 per week 
 
**The rate is 0% in relation to employees under 21 on earnings up to £827 per week. 
 
Class 1A (employers) 13.8% on employee taxable benefits 
 
Class 1B (employers) 13.8% on PAYE settlement agreements 
 
Class 2 (Self-employed)-Flat rate £2.80 a week. Small earnings exemption £5,965 a year. 
 
Class 3 (Voluntary contributions)-Flat rate £14.10 a week. 
 
Class 4 (self employed) -9% of profits between £8,060 and £43,000 a year. 2% of profits above £4.,000 a year 
 
Individual Savings Accounts 
 
2016-17 
2015-16 
Overall investment limit 
£15,240 
£15,240 
Junior account limit. 
£4,080 
£4,080 
 
 
Services 
 
Tax Facts 
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