National Insurance Contributions
| Class 1
Employees Not Contracted-Out of State Second Pension (S2P) |
| |
2008/09 |
2007/08 |
| |
Employee |
Employer |
Employee |
Employer |
| NIC
rate |
11% |
12.8% |
11% |
12.8% |
| No NICs on the
first |
£105pw |
£105
pw |
£100
pw |
£100
pw |
| NICs charged at
11%/12.8% up to |
£770
pw |
No Limit |
£670
pw |
No Limit |
| 1% NIC
on earnings over |
£770 pw |
N/A |
£670 pw |
N/A |
| Certain married
women |
4.85% |
12.8% |
4.85% |
12.8% |
| |
| Contracted-out
Rebate |
2008/09 |
2007/08 |
| Rebate
on |
£90.01 - £770
pw |
£87.01 - £670
pw |
| Salary-related
scheme |
1.6% |
3.7% |
1.6% |
3.7% |
| Money-purchase
scheme |
1.6% |
1.4% |
1.6% |
1.4% |
| Personal
Pension |
No reduction |
No reduction |
| |
| Class 1A Employer
2007-09 on car fuel benefits and most other taxable benefits: |
12.8% |
| |
| Limits
and Thresholds |
2008/09 |
2007/08 |
| Weekly |
Monthly |
Annual |
Weekly |
Monthly |
Annual |
| Lower earnings
limit |
£90 |
£390 |
£4,680 |
£87 |
£377 |
£4,524 |
| NICs
start |
£105 |
£453 |
£5,435 |
£100 |
£435 |
£5,225 |
| Upper earnings
limit |
£770 |
£3,337 |
£40,040 |
£670 |
£2,904 |
£34,840 |
| |
| Self-employed |
2008/09 |
2007/08 |
| Class
2 |
Flat
rate |
£2.30
pw £119.60 pa |
£2.20
pw £114.40 pa |
| if earnings over |
£4,825
pa |
£4,635
pa |
Class
4*
|
On
profits |
£5,435
- £40,040 pa: 8% |
£5,225
- £34,840 pa: 8% |
| |
Over
£40,040 pa: 1% |
Over
£34,840 pa: 1% |
|
|
| |
| Voluntary |
|
|
|
| Class
3 |
Flat
rate |
£8.10 pw £421.20 pa |
£7.80 pw £405.60 pa |
|
|
