Tax Tables
National Insurance Contributions
| Class 1 Employees Not Contracted-Out of State Second Pension (S2P) | ||||||
08-09 |
07-08 |
|||||
|
Employee
|
Employer
|
Employee
|
Employer
|
|||
| NIC rate | 11% | 12.8% | 11% | 12.8% | ||
| No NICs on the first | £105 pw | £105 pw | £100 pw | £100 pw | ||
| NICs charged 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 | 08-09 |
07-08 |
||||
| Rebate on | £90.01 - £670 pw | £87.01 - £645 pw | ||||
| Salary-related scheme | 1.6% | 3.7% | 1.6% | 3.7% | ||
| Money-purchase scheme | 1.6% | 1.4% | 1.6% | 1.0% | ||
| Personal Pension | No reduction | No reduction | ||||
| Limits and Thresholds |
08-09 |
07-08 |
||||
| 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 |
| Class 1A Employer 06-08 on car fuel and most other taxable benefits: 12.8% |
| Self-employed | 08-09 | 07-08 | |||
| 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 unless over state retirement age on 6 April |
On profits | £5,435 - £40,000 pa: 8% | £5,225 - £34,840 pa: 8% | ||
| Over £40,000 pa: 1% | Over £34,840 pa: 1% | ||||
| Voluntary | |||||
| Class 3 | Flat rate | £8.10 pw £421.20 pa | £7.80 pw £405.60 pa | ||
© Copyright March 2008, subject to Finance Act 2008. For information only.
Always seek professional advice before acting.