|
National Insurance Contributions (NICs)
| 2008/09 National Insurance Contributions (NICs) |
| |
Employer |
Employee |
| Class 1 - not contracted out |
| Lower
earnings limit |
|
£90 |
| Weekly
earnings bands |
| Up to
£105 |
Nil |
Nil |
| £105.01
– £770 |
12.8% |
11% |
| Over
£770 |
12.8% |
1% |
| Over state
retirement age |
12.8% |
Nil |
| Class 1A |
On relevant benefits |
12.8% |
Nil |
| Class 2 |
Self employed |
£2.30 per week |
| Limit of net earnings for
exception |
£4,825 p.a. |
| Class 3 |
Voluntary |
£8.10 per week |
| Class 4* |
Self employed on profits |
|
| £5,435 -
£40,040 |
8% |
| Excess over £40,040 |
1% |
| *Exemption applies
if state retirement age was reached by 6 April 2008 |
|
|
|