National Insurance Contributions
Class 1 (employees)
| |
Within SERPS |
Contracted Out |
|
|
Salary |
Money |
| |
|
Related |
Purchase |
| Employee contributions |
|
|
|
| - on earnings between £87 and £670pw |
11.0% |
9.4% |
9.4% |
| - on earnings above £610pw |
1% |
1% |
1% |
| Employer contributions |
|
|
|
| - on earnings between £100.01 and £670pw |
12.8% |
9.1% |
11% |
| - on earnings above £610pw |
12.8% |
12.8% |
12.8% |
Employer contributions (at 12.8%) will be paid on most benefits in kind
from 6.4.2000, and on tax paid on an employee's behalf under a PAYE settlement
agreement.
Class 2 (Self-employed)
| Flat rate per week |
£2.20 |
| Small earnings exception: profits per annum |
£4,635 |
Class 3 (Voluntary)
Class 4 (Self-employed)
| On profits £5,225 - £34,840
(Max
£2,485.80) |
8.0% |
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