Do I Pay National Insurance On My Pension Contributions?

Do you get National Insurance relief on pension contributions just as you get tax relief?

Question asked by Ms A Li
15/10/2019

Is National Insurance Payable on Pension Contributions?

Yes, you do have to pay National Insurance contributions on money going into your pension.

You rightly state that you don’t pay income tax on pension contributions, but National Insurance is still due on cash you put into your pension.

If you’re employed, your employer will deduct National Insurance contributions from your wages before you get paid, so before any tax or pension contributions have been deducted. Your payslip will show the National Insurance contributions you’ve made over the year.

If you’re self-employed you pay Class 2 contributions of £3 a week for 2019/20 on all earnings above £6,365, plus Class 4 contributions of 9% on taxable profits between of between £8,632 and £50,0000 in the 2019/20 tax year. On profits over £50,000, Class 4 contributions are 2% of profits. Again, these contributions are made from your profits before tax is deducted and any pension contributions have been made.

Our Services & Tools

See Your Financial Future
Find > Organize > Simplify
We exist to improve your financial wellbeing

We use clever technology to bring your financial future to life

  • Find, organise and simplify your Pensions, ISAs and other investments.
  • Plan your financial future and put a strategy in place to achieve this.
  • Regularly review how you are doing to make sure you stay on track.

Frequently Asked Questions

Contact Us

Head Office & Pensions and Investments
Senator House
85 Queen Victoria Street
London
EC4V 4AB
Personal Insurance & Accounts Payable
Telecom House
125-135 Preston Road
Brighton
BN1 6AF
Drewberry London Office MapDrewberry Brighton Office Map

If you are unhappy with our service, we have a complaints procedure, details of which are available upon request. If you are unhappy with how your complaint has been dealt with, you may be able to refer your complaint to the Financial Ombudsman Service (FOS). The FOS website is www.financial-ombudsman.org.uk.

Drewberry Ltd is registered in England and Wales. Companies House No. 06675912

Drewberry Ltd registered office: Telecom House, Preston Road, Brighton, England, BN1 6AF. Telephone 0208 432 7333

Drewberry Ltd (Financial Conduct Authority No. 505473) is an Appointed Representative of Quilter Wealth Limited and Quilter Mortgage Planning

Limited, which are authorised and regulated by the Financial Conduct Authority.