| Class 1 (Employees) Not Contracted out of State Second Pension S2P | |
| 2010/11 | 2009/10 |
| Employee: | Employee: |
|
No NICs where earnings |
No NICs where earnings are up to £110 a week 11% NICs on £110.01-£844 a week 1% NICs over £844 a week |
| Employer: | Employer: |
|
No NICs on the first £110 a week |
No NICs on the first £110 a week 12.8% NICs over £110 a week |
| Earnings limit or threshold | 2010/11 | 2009/10 | ||||
| Weekly | Monthly | Annual | Weekly | Monthly | Annual | |
| £ | £ | £ | £ | £ | £ | |
| Lower limit (LEL) | 97 | 421 | 5,044 |
95 | 412 | 4,940 |
| Earnings threshold |
110 | 476 | 5,715 | 110 | 476 | 5,715 |
| Upper accrual point | 770 | 3,337 | 40,040 | 770 | 3,337 | 40,040 |
| Upper limit (UEL) | 844 | 3,656 | 43,875 | 844 | 3,656 | 43,875 |
| Contracted-out S2P rebate | 2010/11 | 2009/10 | |
| Reduction on band earnings | £97.01-£770 pw | £95.01-£770 pw | |
| Employer rate reduction: | |||
|
3.7% | 3.7% | |
|
1.4% | 1.4% | |
| Employee rate reduction | 1.6% |
1.6% |
|
| Class 1A (Employers) | 2010/11 |
2009/10 | |
| Most taxable employee benefits | 12.8% | 12.8% | |
| Class 2 (Self-Employed) | 2010/11 | 2009/10 | |
| Flat rate | £2.40 pw £124.80 pa |
|
|
| Small earnings exception |
£5,075 pa | £5,075 pa | |
| Class 4 (Self-Employed) | 2010/11 | 2009/10 | |
| On profits | £5,715-£43,875 pa 8% |
£5,715-£43,875 pa 8% |
|
| Over £43,875 pa 1% |
Over £43,875 pa 1% |
||
| Class 3 (Voluntary) | 2010/11 | 2009/10 | |
| Flat rate | £12.05 pw £626.60 pa |
£12.05 pw £626.60 pa |
© 22 June 2010. For general information only. Subject to the Finance Act 2010. It is recommended you seek competent professional advice before acting.Last Updated
