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National Insurance | 2006/07 National Insurance Contributions (NICs) | | | Employer | Employee | | Class 1 - not contracted out | | Lower earnings limit | | £84 | | Weekly earnings bands | | Up to £97 | Nil | Nil | | £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 2 | Self employed | £2.10 per week | | Limit of net earnings for exception | £4,465 p.a. | | Class 3 | Voluntary | £7.55 per week | | Class 4* | Self employed on profits | | | £5,035 - £33,540 | 8% | | Excess over £33,540 | 1% | | *Exemption applies if state retirement age was reached by 6 April 2006 |
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