National Insurance Contributions
| Class 1 Employees Not
Contracted-Out of State Second Pension (S2P) |
| |
06-07 |
05-06 |
| |
| Employee |
Employer |
| 11% |
12.8% |
| £97 pw |
£97 pw |
| £645 pw |
No Limit |
| £645
pw |
N/A |
| 4.85% |
As above |
|
| Employee |
Employer |
| 11% |
12.8% |
| £94 pw |
£94 pw |
| £630 pw |
No Limit |
| £630
pw |
N/A |
| 4.85% |
As above |
|
| NIC rate |
| No NICs on the first |
| NICs charged up to |
| 1% NIC on earnings
over |
| Certain married women |
| |
| Contracted-out Rebate |
06-07 |
05-06 |
| Rebate on |
| £84.01 - £645 pw |
| 1.6% |
3.5% |
| 1.6% |
1.0% |
| No
reduction |
|
| £82.01 - £630 pw |
| 1.6% |
3.5% |
| 1.6% |
1.0% |
| No
reduction |
|
| Salary-related scheme |
| Money-purchase scheme |
| Personal Pension |
| Limits
and Thresholds |
06-07 |
05-06 |
| Weekly |
Monthly |
Annual |
Weekly |
Monthly |
Annual |
| Lower earnings
limit |
£84 |
£364 |
£4,368 |
£82 |
£356 |
£4,264 |
| NICs start |
£97 |
£420 |
£5,035 |
£94 |
£408 |
£4,895 |
| Upper earnings
limit |
£645 |
£2,795 |
£33,540 |
£630 |
£2,730 |
£32,760 |
| Low earnings threshold -
S2P |
|
|
£12,500 |
|
|
£12,100 |
| Class 1A Employer 05-07
most taxable benefits: 12.8% |
| Self-employed |
06-07 |
05-06 |
| Class
2 |
Flat
rate |
£2.10 pw
£109.20 pa |
£2.10 pw
£109.20 pa |
| if
earnings over |
£4,465 pa |
£4,345 pa |
| |
Class
4
unless over state retirement age on
6 April 2006 |
On
profits |
£5,035-£33,540 pa: 8% |
£4,895-£32,760 pa: 8% |
| |
Over £33,540 pa:
1% |
Over £31,720 pa:
1% |
| |
| Voluntary |
|
|
|
| Class 3 |
Flat
rate |
£7.55 pw
£392.60 pa |
£7.35 pw
£382.20 pa |
|
|
