National Insurance Contributions Tax Rates

Winters Chartered Accountants and Registered Auditors
29 Ludgate Hill
London EC4M 7JE
England, UK

Tel:
+44 (0) 20 7919 9100

Fax:
+44 (0) 20 7919 9019

Related Links

National Insurance Factsheet

National Insurance

Class 1 (employed) Contracted in	2005/06 Rates
Weekly earnings	Employer	Employee
Up to £94	Nil*	Nil*
£94.01 - £630	12.8%**	11%**
Over £630	12.8%**	£58.96 +1%^†
* Entitlement to contribution-based benefits retained for earnings between £82.01 and £94 per week. ** On earnings above £94. ^† On earnings above £630.

Class 1A (employers)	12.8% on employee taxable benefits
Class 1B (employers)	12.8% on PAYE Settlement Agreements
Class 2 (self-employed)	flat rate per week £2.10 small earnings exception p.a. £4,345
Class 3 (voluntary)	flat rate per week £7.35
Class 4 (self-employed)	8% on profits between £4,895 and £32,760 plus 1% on profits over £32,760

Disclaimer
The information on these tax rates is based upon the 2005 Budget and other earlier announcements and may be subject to amendment by the Finance Act.

If you would like to find out more about our services and how we might be able to assist you, please complete the tax contact form .
We can then have the relevant specialist contact you to briefly discuss your needs. Any such telephone discussion, and of course, any further initial consultation is entirely complimentary.