|
  
National Insurance
| 2005/06
National Insurance Contributions (NICs) |
| |
Employer |
Employee |
| Class
1 - not contracted out |
| Weekly
earnings bands payable on earnings |
| Up to £94 |
Nil |
Nil |
| £94.01 - £630 |
12.8% |
11% |
| Over £630 |
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 |
£4,345
p.a. |
| Class 3 |
Voluntary |
£7.35
per week |
| Class
4* |
Self employed on profits |
|
| £4,895 - £32,760 |
8% |
| Excess over £32,760 |
1% |
*Exemption applies if state retirement age was reached
by 6 April 2005 |
|
|
|
