Brown delivers Budget 2006 Blair Looks wistfully on

Introduction

Income Tax

Capital Gains Tax

Corporation Tax

Main Capital Allowances

Value Added Tax

Inheritance Tax

Vehicle Benefits

Mileage Allowances

NI Contributions

Key Dates & Deadlines

Pension Premiums

Charitable Giving

Savings & Investments

Some Useful Rates

Stamp Taxes

Return


     


National Insurance Contributions


Class 1 (not contracted out) Employer Employee
Lower earnings limit   £84
Payable on weekly earnings    
£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 1B (on PAYE settlement arrangement) 12.8%  
   
Class 2 (Self employed) £2.10 per week
Limit of net earnings for exception £4,465 per annum
   
Class 3 (Voluntary) £7.55 per week
   
Class 4 (* Self employed on profits)  
£5,035 to £33,540 8%
Excess over £33,540 1%
*Exemption applies if state retirement age was reached by 6 April 2006.

Note

For those earning between £84 per week and £645 per week, employers receive a rebate of 1.0% on contracted out money purchase schemes or 3.5% on contracted out final salary schemes, and employees, a rebate of 1.6% for either scheme.