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The examples below use the rates and thresholds that apply for the 2025 to 2026 tax year.听

Example 1

A monthly paid Veteran has earnings of 拢1,600 in May 2025. The earnings fall below the Veterans Upper Secondary Threshold (VUST).

Threshold	NICs Calculation	NICs Due
Primary	拢1,600 - 拢1048 = 拢552 x 8%	拢44.16
Secondary	拢1,600 - 拢417 = 拢1,183 x 0%	拢0
Total NICs Due	听	拢44.16

Category V should be used.

Example 2

A monthly paid Veteran has earnings of 拢6,000 in May 2025. The earnings are above the monthly Veterans Upper Secondary Threshold (VUST).

Threshold	NICs Calculation	NICs Due
Primary	拢4,189 - 拢1048 = 拢3,141 x 8%听	拢251.28
Primary	拢6,000 - 拢4,189 = 拢1,811 x 2%	拢36.22
Secondary	拢4,189 - 拢417 = 拢3,772 x 0%听	拢0
Secondary	拢6,000 - 拢4,189 = 拢1,811 x 15%	拢271.65
Total NICs Due	听	拢559.15

Category V should be used.

Example 3

A monthly paid Veteran has a 12 month relief period which ends during the tax year on 16 September 2025. They are paid 拢1,400 on 30 September 2025.

Threshold	NICs Calculation	NICs Due
Primary	拢1,400 - 拢1,048 = 拢352 x 8%听	拢28.16
Secondary	拢1,400 - 拢417 = 拢983 x 15%	拢147.45
Total NICs Due	听	拢175.61

As payment is made on 30 September 2025 and the Veteran is now no longer eligible for the zero rate of secondary NICs up to the VUST. Category letter V should not be used for this or for subsequent earnings periods.