|
|
National Insurance Contributions
| |
2007/08 |
| Class 1 (not contracted out) |
Employer |
Employee |
| Lower earnings limit |
|
£87 |
| payable on weekly earnings |
|
| £87.01 - £100 |
|
0% |
| £100.01 - £670 |
12.8% |
11% |
| Over £670 |
12.8% |
1% |
| Over State retirement age |
As Above |
Nil |
| |
|
| Class 1A (on relevant benefits) |
12.8% |
Nil |
| |
|
| Class 2 (Self employed) |
£2.20 per week |
| Limit of net earnings for exception |
£4,635 |
| |
|
| Class 3 (Voluntary) |
£7.80 per week |
| |
|
| Class 4 (Self employed on profits) |
|
| £5,225 to £34,840 |
8% |
| Excess over £34,840 |
1% |
| Class 4 exemption applies if state retirement age was reached by 6 April 2007 |
|
|
