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Class 1, Class 2, Class 3, Class 4 NIC's – what's the difference?

NIC’s stands for National Insurance Contributions.

Class 1 employers & employees, % on earnings
Class 1A employers, on company cars & benefits in kind
Class 1B employers, on Paye Settlement Agreements
Class 2 self-employed, flat rate per week
Class 3 voluntary, individuals wishing to fill an NIC gap in their contributions
Class 3A voluntary, individuals wishing to top up their Additional State Pensions (from Oct 2015)
Class 4 self employed, % on profits
NIC Credit equivalent to Class 1, granted to individuals whilst not working´╗┐

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