Maidment Judd Chartered Accountants
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05/06 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

 

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