|
 |
| National Insurance |
| 2006/07 National
Insurance Contributions (NICs) |
| |
Employer |
Employee |
| Class
1 - not contracted out |
| Lower
earnings limit |
|
£84 |
| Weekly
earnings bands |
| Up to £97 |
Nil |
Nil |
| £97.01 – £645 |
12.8% |
11% |
| Over £645 |
12.8% |
1% |
| Men 65 and over and women
60 and over |
as above |
Nil |
| Class 1A |
On relevant benefits |
12.8% |
Nil |
| Class
2 |
Self employed |
£2.10
per week |
| Limit of net earnings for exception |
£4,465
p.a. |
| Class 3 |
Voluntary |
£7.55
per week |
| Class
4* |
Self employed on profits |
|
| £5,035 - £33,540 |
8% |
| Excess over £33,540 |
1% |
| *Exemption applies if state
retirement age was reached by 6 April 2006 |
|
|
|
|
