|
National
Insurance Contributions
|
| 2008/09 |
|
|
|
| Class
1 (earnings related) |
Not Contracted out
|
Contracted
out
|
|
Employees |
|
|
|
| Weekly
earnings |
|
|
|
| First £105 |
Nil
|
Nil
|
| On balance up
to £770 |
11%
|
9.4%
|
| Over £770 |
1%
|
1%
|
|
|
|
|
| Employers |
NCO
|
SRS
|
MPS
|
| Weekly earnings |
|
|
|
| First £105 |
Nil
|
Nil
|
Nil
|
| On balance up
to £770 |
12.8%
|
9.1%
|
11.4%
|
| On balance over
£770 |
12.8%
|
12.8%
|
12.8%
|
| NCO = Not Contracted Out |
|
| SRS = Salary-Related Schemes |
|
MPS = Money Purchase Schemes |
|
|
| Employees' rates
are reduced to 4.85% for married women with valid certificates
of election but the 1% rate above £770 still applies.Rates
are nil for men over 65 and women over 60. Normal employers'
contributions are still payable. |
| Employers receive
a rebate of 3.7% for salary-related schemes and 1.4% for money
purchase schemes on earnings from £90 to £105 per
week. A rebate of 1.6% on earnings from £90 to £105
per week is given to employees (or employers where insufficient
contributions have been paid for offset) |
|
|
| |
| Class
1A and
Class 1B - 12.8% |
Class 2 -(Self-employed)
Flat rate £2.30
a week. Small earnings exemption £4,825 a year. |
Class 3 -(Voluntary
contributions)
£8.10 a week. |
|
Class 4 -(Self-employed)
8% of profits between
£5,435 and £40,040 per year. 1% of profits above
£40,040 per year.
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