22 March 2006 Budget Report |
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National Insurance Contributions
| 2006/07 National Insurance Contributions (NICs) | |||
| Employer | Employee | ||
| Class 1 - not contracted out | |||
| Lower earnings limit | £84 | ||
| Weekly earnings bands payable on earnings | |||
| Up to £97 | Nil | Nil | |
| £97.01 - £645 | 12.8% | 11% | |
| Over £645 | 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 | £4,465 p.a. | ||
| Class 3 | Voluntary | £7.55 per week | |
| Class 4* | Self employed on profits | ||
| £5,035 - £33,540 | 8% | ||
| Excess over £33,540 | 1% | ||
*Exemption applies if state retirement age was reached by 6 April 2006 |
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| Business: |
Business Start-Up |
Business General |
Limited Companies Partnerships | IR35 | Business Management | PAYE & NI | VAT |
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| Personal: |
Introduction to the Tax System |
Planning Aspects |
Home Aspects Pensions | Aspects of Investments and Investing | VCT & EIS |
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| Tax: |
Budget Report |
Tax Guide |
Financial Planning Guide Tax Calendar | IR35 | PAYE & NI | VAT | Year End Tax Planning |