NIM15030 - Class 1A National Insurance contributions: Calculating Class 1A NICs: Calculating the total amount of Class 1A NICs due in a tax year: Example
NIM15010 explains how to calculate the amount of Class 1A NICs due. »Ê¹ÚÌåÓýapp example below illustrates how employers can calculate the liability.
In the 2025 to 2026 tax year, an employer provides
- 10Ìýemployees with cars available for private use, the cash equivalent of each is £6,000
- 250 employees with private medical care, the cash equivalent of each is £300
- 25 employees with vans available for private use, the cash equivalent of each is £500
- 3 employees with interest free loans, the cash equivalent of each is £3,000.
»Ê¹ÚÌåÓýapp employer reports each benefit on the individual employeesâ€� P11Ds. »Ê¹ÚÌåÓýapp Class 1A NICs percentage rate for the 2025 to 2026 tax year is 15%.
»Ê¹ÚÌåÓýapp Class 1A NICs payable by the employer are calculated as follows
Ìý
Number of employees | Cash equivalent of each benefit (£) | Total cash equivalent for all employees (£) |
---|---|---|
10 | 6000 | 60000 |
250 | 300 | 75000 |
25 | 500 | 12500 |
3 | 3000 | 9000 |
- | Total | 156,500 |
Class 1A NICs due | 15% of £156,500 | £23,475 |