|
  
National Insurance
| 2007/08 National Insurance Contributions (NICs) |
| |
Employer |
Employee |
| Class 1 - not contracted out |
| Lower earnings limit |
|
£87 |
| Weekly earnings bands |
| Up to £100 |
Nil |
Nil |
| £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 p.a. |
| Class 3 |
Voluntary |
£7.80 per week |
| Class 4* |
Self employed on profits |
|
| £5,225 - £34,840 |
8% |
| Excess over £34,840 |
1% |
| *Exemption applies if state retirement age was reached by 6 April 2007 |
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