Tax Tables 2007/08

National Insurance Contributions


Class 1 (not contracted out) Employer Employee
Lower earnings limit   £87
Payable on weekly earnings    
£100.01 - £670 12.8% 11%
Over £670 12.8% 1%
Over state retirement age as above Nil
   
Class 1A (on relevant benefits) 12.8% Nil
   
Class 1B (on PAYE settlement arrangement) 12.8%  
   
Class 2 (Self employed) £2.20 per week
Limit of net earnings for exception £4,635 per annum
   
Class 3 (Voluntary) £7.80 per week
   
Class 4 (* Self employed on profits)  
£5,225 to £34,840 8%
Excess over £34,840 1%
*Exemption applies if state retirement age was reached by 6 April 2007.

Note

For those earning between £87 per week and £670 per week, employers receive a rebate of 1.4% on contracted out money purchase schemes or 3.7% on contracted out final salary schemes, and employees, a rebate of 1.6% for either scheme.
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