National Insurance (NIC) - Rates 2006/7

£ per week (unless stated)

2005-06

Change

2006-07

Lower earnings limit, primary class 1

£82

+£2

£84

Upper earnings limit, primary class 1

£630

+£15

£645

Primary threshold

£94

+£3

£97

Secondary threshold

£94

+£3

£97

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%

-

3.5%

Employers’ contracted-out rebate, money-purchase schemes

1%

-

1%

Class 2 rate

£2.10

-

£2.10

Class 2 small earnings exception

£4,345 per year

£120 per year

£4,465 per year

Special Class 2 rate for share fishermen

£2.75

-

£2.75

Special Class 2 rate for volunteer development workers

£4.10

+£0.10

£4.20

Class 3 rate

£7.35

+£0.20

£7.55

Class 4 lower profits limit

£4,895 per year

+£140 per year

£5,035 per year

Class 4 upper profits limit

£32,760 per year

+£780 per year

£33,540 per year

Class 4 rate between lower profits limit and upper profits limit

8%

-

8%

Class 4 rate above upper profits limit

1%

-

1%