2007/08 figures

Contracted-out Salary Related Scheme (COSR)

Occupational pension scheme “D” rate NI Contributions

Rebate received by employee = 1.6% at source on earnings.
(Between £87.01 and £670.00 per week or the monthly or annual equivalents).

Rebate received by employer = 3.7% at source on earnings.
(Between £87.01 and £670.00 per week or the monthly or annual equivalents).

Reminder: The employer must quote the Employer’s Contracted-out Number (ECON), relevant to the COSR scheme, on the P35 that goes with the P14, (End of Year return).

Contracted-out Money Purchase and Contracted-out Money Purchase Stakeholder Pension Scheme (COMP and COMPSHP)
Occupational pension scheme

“F” rate NI Contributions

Rebate received by employee = 1.6% at source on earnings.
(Between £87.01 and £670.00 per week or the monthly or annual equivalents), plus:- NISPI pay a further rebate of between 0.01% and 4.4% once the P14 is processed. The amount paid depends upon the person’s age. It is paid directly to the pension scheme to invest in the employee’s pension fund.

Rebate received by employer = 1.4% at source on earnings.
(Between £87.01 and £670.00 per week or the monthly or annual equivalents).

Reminder: The employer must enter the ECON, relevant to the scheme, on the P35 that goes with the P14, (End of Year return). The Scheme Contracted-out Number (SCON) for the COMP/COMPSHP scheme, (not COSR schemes) must be entered onto the P14 for each member to qualify for the Age-Related Rebate to the scheme from NICO.

Appropriate Personal Pension Schemes and Appropriate Personal Pension Stakeholder Pension Schemes

“A” rate NI Contributions

National Insurance Contributions Office pay a rebate of:

• between 9.4% and 14.8% on earnings from £4,524 to £13,000
• between 2.35% and 3.7% on earnings from £13,000 to £30,000
• between 4.7% and 7.4% on earnings from £30,000 to £35,510

once the P14 is processed. This is paid directly to the pension provider to invest in the employee’s pension fund.