2005/06 National Insurance Contributions (NICs) |
|
Employer |
Employee |
Class 1 - not contracted out |
Weekly earnings bands payable on earnings |
Up to £94 |
Nil |
Nil |
£94.01 - £630 |
12.8% |
11% |
Over £630 |
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 |
£4,345 p.a. |
Class 3 |
Voluntary |
£7.35 per week |
Class 4* |
Self employed on profits |
|
£4,895 - £32,760 |
8% |
Excess over £32,760 |
1% |
*Exemption applies if state retirement age was reached by 6 April 2005 |
|