National insurance rates
The following national insurance rates apply.
| Class | Rates | 2007/2008 | 2006/2007 |
|---|---|---|---|
| Class 1 (earnings related) | Lower earnings limit | £87 | £84 |
| Upper earnings limit (employees only) | £670 | £645 | |
| Earnings threshold (employees only) | £100 | £97 | |
| Employee rate (standard) | 11%(of £100.01 to £670), 1% (above £670) | 11%(of £97.01 to £645), 1% (above £645) | |
| Employer rate | 12.8%(on earnings above £100) | 12.8%(on earnings above £97) | |
| Class 2 (self-employed flat rate) | Per week | £2.20 | £2.10 |
| Small earnings exception (per year) | £4,635 | £4,465 | |
| Class 3 (voluntary) | Per week | £7.80 | £7.55 |
| Class 4 (self-employed) | Lower profit limit (per year) | £5,225 | £5,035 |
| Upper profit limit (per year) | £34,840 | £33,540 | |
| Rate | 8% (of £5,225 to £34,840), 1% (above £34,840) | 8% (of £5,035 to £33,540), 1% (above £33,540) |
This page was last reviewed on 03 April 2006. The information may not reflect changes in legislation made after this date.
This is only a guide to your tax position and should not be relied on in place of professional accounting or tax advice. Any calculated figures are illustrative and are based on the data you provided.
