Table D
Rates and limits for 2008/09 |
| |
| Class 1 |
Weekly |
Monthly |
Yearly |
| Primary Threshold - employees |
£105 |
£453 |
£5,435 |
| Upper Earnings Limit - employees |
£770 |
£3,337 |
£40,040 |
| Secondary Threshold - employers |
£105 |
£453 |
£5,435 |
|
| |
| Employer's Contribution |
Contracted In |
Contracted Out |
| |
|
Salary Related Scheme |
Money Purchase Scheme |
| On earnings up to threshold |
Nil |
Nil |
Nil |
| On earnings between threshold and upper earnings limit |
12.8% |
9.1% |
11.4% |
| On earnings above upper earnings limit |
12.8% |
12.8% |
12.8% |
|
| |
| Employee's Contribution |
Contracted in: 11% on earnings between lower and upper limits, 1% above upper limit.
Contracted Out: 9.4% on earnings between lower and upper limits, 1% above upper limit.
Earnings over £90 per week qualify for benefit, and must be reported under PAYE, but no NICs are payable until earnings exceed £105 per week.
The reduced Class 1 rate payable by certain married women and widows is 4.85% for earnings between £105 and £770 per week, 1% above £770 per week. |
| |
| Class 2 (Self-employed) |
Earnings over £4,825 per year |
£2.30 per week |
| Class 3 (Voluntary) |
No limit applicable |
£8.10 per week |
| Class 4 (Self-employed) |
Profits between £5,435 and £40,040 |
8% |
| |
Profits above £40,040 |
1% |
|
