National Insurance

EMPLOYERS AND EMPLOYEES

		2008	2007
LEL	Lower earning limit per week	£90	£84
UEL	Upper earning limit per week	£770	£670

NI Data 2008 / 2009
Employee's Contributions	Contracted In	Contracted Out
Weekly Earnings £97.01 - £645	11.00%	9.40%
Over £645	1.00%	1.00%

Employer's Contributions		Salary-related Schemes	Money Purchase Schemes
Weekly earnings £97.01 - £645	12.80%	9.30%	11.80%
Weekly earnings over £645	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 £94.01 - £630	11.00%	9.40%
Over £630	1.00%	1.00%

Employer's Contributions		Salary-related Schemes	Money Purchase Schemes
Weekly earnings £94.01 - £630	12.80%	9.30%	11.80%
Weekly earnings over £630	12.80%	12.80%	12.80%

Class 1A and Class 1B	12.80%
Class 2 (self-employed)	Flat rate £2.10 per week
Class 3 (Voluntary contributions)	£7.55 per week
Class 4 (self-employed)	Profits £5,035-£33,540 per year : 8%
	Profits over £33,540 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.

For further information, please email us on accountants@mitchells.org or call us on +44 (0) 1242 260066.

Mitchells Chartered Accountants, 41 Rodney Road, Cheltenham
Gloucestershire, GL50 1HX
Tel: +44 (0) 1242 260066 Fax: +44 (0) 1242 263707

For further information, please email us on accountants@mitchells.org

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