National Insurance Rates 2007/8 - NI Rates
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
- Free Accounts Software for small businesses - Download TAS Basics Now!
- Starting Up? Get 18 months free banking, and much more from Lloyds TSB!
- Home Business Insurance - Save money with Direct Line for Business. We guarantee to beat any quote for the same cover. Immediate quote available.
