National Insurance Contributions
Class 1 (Employees) Not Contracted out of State Second Pension S2P
2010/11
2009/10
Employee:
Employee:
No NICs where earnings are up to £110 a week 11% NICs on £110.01-£844 a week 1% NICs over £844 a week
No NICs where earnings are up to £110 a week 11% NICs on £110.01-£844 a week 1% NICs over £844 a week
Employer:
Employer:
No NICs on the first £110 a week 12.8% NICs over £110 a week
No NICs on the first £110 a week 12.8% NICs over £110 a week
Earnings limit or threshold
2010/11
2009/10
Weekly
Monthly
Annual
Weekly
Monthly
Annual
£
£
£
£
£
£
Lower limit (LEL)
97
421
5,044
95
412
4,940
Earnings threshold
110
476
5,715
110
476
5,715
Upper accrual point
770
3,337
40,040
770
3,337
40,040
Upper limit (UEL)
844
3,656
43,875
844
3,656
43,875
Contracted-out S2P rebate
2010/11
2009/10
Reduction on band earnings
£97.01-£770 pw
£95.01-£770 pw
Employer rate reduction:
3.7%
3.7%
1.4%
1.4%
Employee rate reduction
1.6%
1.6%
Class 1A (Employers)
2010/11
2009/10
Most taxable employee benefits
12.8%
12.8%
Class 2 (Self-Employed)
2010/11
2009/10
Flat rate
£2.40 pw £124.80 pa
£2.40 pw £124.80 pa
Small earnings exception
£5,075 pa
£5,075 pa
Class 4 (Self-Employed)
2010/11
2009/10
On profits
£5,715-£43,875 pa 8%
£5,715-£43,875 pa 8%
Over £43,875 pa 1%
Over £43,875 pa 1%
Class 3 (Voluntary)
2010/11
2009/10
Flat rate
£12.05 pw £626.60 pa
£12.05 pw £626.60 pa
Class 1A Employer 2008-10 on car and fuel benefits and most other taxable benefits:
12.8%
Limits and Thresholds
09-10
08-09
Weekly
Monthly
Annual
Weekly
Monthly
Annual
Lower earnings limit
£95
£412
£4,940
£90
£390
£4,680
Earnings threshold
£110
£476
£5,715
£105
£453
£5,435
Upper accrual point
£770
£3,337
£40,040
N/A
N/A
N/A
Upper earnings limit
£844
£3,656
£43,875
£770
£3,337
£40,040
Self-employed
09-10
08-09
Class 2
Flat rate
£2.40 pw £124.80 pa
£2.30 pw £119.60 pa
Small earnings exception
£5,075 pa
£4,825 pa
Class 4*
On profits
£5,715 – £43,875 pa: 8%
£5,435 - £40,040 pa: 8%
Over £43,875 pa: 1%
Over £40,040 pa: 1%
Voluntary
Class 3
Flat rate
£12.05 pw £626.60 pa
£8.10 pw £421.20 pa
Basic State Pension Capital Gains Tax Car Benefit Car Fuel Child Trust Fund Company Cars - Advisory Fuel Rates Corporation Tax Employee Share Schemes Income Tax Rates Individual Savings Accounts (ISAs) Inheritance Tax Main Capital Allowances Main Due Dates for Tax Payment Main Income Tax Reliefs National Insurance Contributions Personal Pensions Stamp Duty Tax-Free Mileage Allowance Value Added Tax