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National Insurance Rates 2007/8 - NI Rates

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For NIC (and all other) rates and allowances for 2005/6 and 2006/7, visit our main Tax Rates main page.

£ per week

2006-07

2007-08

Lower earnings limit, primary Class 1

£84

£87

Upper earnings limit, primary Class 1

£645

£670

Primary threshold

£97

£100

Secondary threshold

£97

£100

Employees’ primary Class 1 rate between primary threshold and upper earnings limit

11%

11%

Employees’ primary Class 1 rate above upper earnings limit

1%

1%

Employees’ contracted-out rebate

1.6%

1.6%

Married women’s reduced rate between primary threshold and upper earnings limit

4.85%

4.85%

Married women’s rate above upper earnings limit

1%

1%

Employers’ secondary Class 1 rate above secondary threshold

12.8%

12.8%

Employers’ contracted-out rebate, salary-related schemes

3.5%

3.7%

Employers’ contracted-out rebate, money-purchase schemes

1%

1.4%

Class 2 rate

£2.10

£2.20

Class 2 small earnings exception

£4,465 per year

£4,635 per year

Special Class 2 rate for share fishermen

£2.75

£2.85

Special Class 2 rate for volunteer development workers

£4.20

£4.35

Class 3 rate

£7.55

£7.80

Class 4 lower profits limit

£5, 035 per year

£5, 225 per year

Class 4 upper profits limit

£33, 540 per year

£34, 840 per year

Class 4 rate between lower profits limit and upper profits limit

8%

8%

Class 4 rate above upper profits limit

1%

1%

Posted March 9, 2007


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