Kleinman Graham Home About Us Contact Us Links Search
Specialist Markets Business Planning Personal Centre Tax Planning Online Service Centre What's News Calculators Content Directory
Register
Login
Logout
My Profile
Terms and Conditions

Copyright ©
All rights reserved.

22 March 2006 Budget Report

Budget Report Logo

National Insurance Contributions

2006/07 National Insurance Contributions (NICs)
  Employer Employee
Class 1 - not contracted out
Lower earnings limit £84
Weekly earnings bands payable on earnings
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