Budget 2011 – Annual tax rates and allowances

National Insurance Contributions (NIC) - GT

National Insurance Contributions (NIC)

Class 1 employed

Employee Contributions

From 6 April 2011
Earnings per week (£) Not contracted out1 Contracted out1
0-139.00
nil
nil
139.01-770.00
12%
9.4%
770.01-817.00
12%
11%
over 817.00
2%
1%

Employer Contributions

From 6 April 2011
Earnings per week (£) Not contracted out1 Contracted out1
0-136.00
nil
nil
136.01-770.00
13.8%
10.1%1
over 770.00
13.8%
13.8%
  • Employer’s NIC of 13.8% applies to most income tax benefits.
  • Employee’s rate for a married woman with a valid election 5.85% on earnings of £139.01 – £817.00 and 2% on earnings above £817

1 Employer’s contribution rate of 12.4% in respect of money purchase schemes.

From 6 April 2010 to 5 April 2011
Earnings
Not contracted out1 Contracted out1

per week (£)

employer employee employer employee
0-110.00
nil
nil
nil
nil
110.01-770.00
12.8%
11%
9.1%
9.4%
770.01-844.00
12.8%
11%
12.8%
11%
over 844.00
12.8%
1%
12.8%
1%
  • Employer’s NIC of 12.8% applies to most income tax benefits.
  • Employee’s rate for a married woman with a valid election 4.85% on earnings of £110.01 – £844.00 and 1% on earnings above £844.

1 Employer’s contribution rate of 11.4% in respect of money purchase schemes.

Class 2 self-employed

  2011/2012 2010/2011
Flat rate £2.50 pw £2.40 pw
Share fishermen £3.15 pw £3.05 pw
Volunteer development workers £5.10 pw £4.85 pw
Small earnings exception £5,315 pa £5,075 pa

Class 3 Voluntary

  2011/2012 2010/2011
Flat Rate £12.60 pw £12.05 pw

Class 4 self-employed

 

2011/2012

2010/2011

Main rate on profit 9% 8%
Annual lower limit £7,225 £5,715
Annual upper limit £42,475 £43,875
Rate above upper limit 2% 1%
1 2 3 4 5 6 7 8 9 10 11 12 13

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