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National Insurance

EMPLOYERS AND EMPLOYEES

		2008	2007
LEL	Lower earning limit per week	£90	£87
UEL	Upper earning limit per week	£770	£670

NI Data 2008 / 2009
Employee's Contributions	Contracted In	Contracted Out
Weekly Earnings £105.01 - £770	11.00%	9.40%
Over £770	1.00%	1.00%

Employer's Contributions		Salary-related Schemes	Money Purchase Schemes
Weekly earnings £105.01 - £770	12.80%	9.1%	11.4%
Weekly earnings over £770	12.80%	12.80%	12.80%

Class 1A and Class 1B	12.80%
Class 2 (self-employed)	Flat rate £2.30 per week
Class 3 (Voluntary contributions)	£8.10 per week
Class 4 (self-employed)	Profits £5,435-£40,040 per year : 8%
	Profits over £40,040 per year : 1%

NI Data 2007 / 2008
Employee's Contributions	Contracted In	Contracted Out
Weekly Earnings £100.01 - £670	11.00%	9.40%
Over £670	1.00%	1.00%

Employer's Contributions		Salary-related Schemes	Money Purchase Schemes
Weekly earnings £100.01 - £670	12.80%	9.1%	11.4%
Weekly earnings over £670	12.80%	12.80%	12.80%

Class 1A and Class 1B	12.80%
Class 2 (self-employed)	Flat rate £2.20 per week
Class 3 (Voluntary contributions)	£7.80 per week
Class 4 (self-employed)	Profits £5,225-£34,840 per year : 8%
	Profits over £34,840 per year : 1%

For information of users: This material is published for the information of clients. It provides only an overview of the regulations in force at the date of publication, and no action should be taken without consulting the detailed legislation or seeking professional advice. Therefore no responsibility for loss occasioned by any person acting or refraining from action as a result of the material can be accepted by the authors or the firm.

© Copyright JE Consulting 2008. All rights reserved.

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