|
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 |
|
|
|
