National Insurance

 

Class 1

Employees

Employers

Weekly earnings

 

 

On first £110.00 (£105.00)

NIL

NIL

£110.01 to £844.00 (£105.01 to £770.00)

11%

12.80%

£844.00+ (£770.00+)

1%

12.80%

Class 1A

12.8% NIC on benefits in kind payable on 19th July after the end of the tax year.

Class 1B

12.8% payable on PAYE Settlement Agreement benefits, tax due 19th October after the end of the tax year.

Class 2

Self employed flat rate of £2.40 per week.

Class 3

Voluntary contributions at a rate of £12.05 per week.

 

 

Class 4 - Self-employed earning rate

2010/11

2009/10

Profits between £5,715 (£5,435) and £43,875 (£40,040) per annum

8%

8%

Profits in excess of £43,875 (£40,040) per annum

1%

1%


 

© 2012 PJT & Co   |   Accountancy House, 90 Walworth Road, London, SE1 6SW   |   Tel: 020 7703 7594

PJT & Co is the trading name of Parekh Jasani Tobias & Co Limited
Registered in England No. 4100170 VAT Registration No: 766 604 802
Registered Office: Accountancy House, 90 Walworth Road, London SE1 6SW
Registered to carry out audit work in the UK by the Association of Chartered Certified Accountants
Regulated for a range of investment business activities by the Association of Chartered Certified Accountants
Designed by CK Creative