| National Insurance Contributions (NICs)| 2008/09 National Insurance Contributions (NICs) | | | Employer | Employee | | Class 1 - not contracted out | | Lower earnings limit | | £90 | | Weekly earnings bands | | Up to £105 | Nil | Nil | | £105.01 – £770 | 12.8% | 11% | | Over £770 | 12.8% | 1% | | Over state retirement age | 12.8% | Nil | | Class 1A | On relevant benefits | 12.8% | Nil | | Class 2 | Self employed | £2.30 per week | | Limit of net earnings for exception | £4,825 p.a. | | Class 3 | Voluntary | £8.10 per week | | Class 4* | Self employed on profits | | | £5,435 - £40,040 | 8% | | Excess over £40,040 | 1% | | *Exemption applies if state retirement age was reached by 6 April 2008 |
|
|
|
