The lower earnings limit for primary Class 1 Contributions will rise from £82 to £84. The upper earnings limit will rise from £630 to £645.
All changes are effective from 6 April 2006.
| Class 1 (not contracted out) |
Employer |
Employee |
| Payable on weekly earnings of £97.01 - £645 |
12.8% |
11% |
| Over £645 |
12.8% |
1% |
| Men aged 65 and over, and women aged 60 and over |
as above |
Nil |
| |
| Class 2 - flat rate, self employed |
£2.10 per week |
| Excepted if earnings less than |
£4,465 per annum |
| |
| Class 3 - voluntary |
£7.55 per week |
| |
| Class 4 - self employed, on profits |
|
| £5,035 - £33,540 |
8% |
| Excess over £33,540 |
1% |
| (exempt if state retirement age is reached by 6 April 2006) |
