beta This part of GOV.UK is being rebuilt – find out what beta means

HMRC internal manual

National Insurance Manual

Refunds: Class 1: Annual maximum

Regulation 21, SS(C)R 2001

There is no annual limit for NICs paid by employers but there is an annual maximumamount of Class 1 and Class 2 contributions payable by contributors. For tax years:

  • up to 2002/2003,the limit was the value of 53 primary Class 1 contributions at the maximum standard weekly rate. But see also NIM37012. See too NIM38505 for guidance about the Class 1 & 2 and the Class 1, 2 & 4 maxima.
  • from 2003/2004 onwards, the limit is calculated by reference to a mathematical formula which is provided at NIM01163. See also NIM01160 for general guidance on the annual maximum after 6 4 2003.