Rates
& Allowances
Class
1 (Employees) Not Contracted out of State Second Pension S2P | ||||||||
2010/11 | 2009/10 | |||||||
| Employee: | Employee: | |||||||
| No NICs
where earnings are up to £110 a week 11% NICs on £110.01-£844 a week 1% NICs over £844 a week | 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 12.8% NICs over £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: | . |
. |
| Salary-related scheme | 3.7% |
3.7% |
Money-purchase scheme | 1.4% |
1.4% |
. |
. |
. |
| Employee rate reduction | 1.6% |
1.6% |
| . |
. |
. |
Class 1A (Employers) | . |
. |
Most taxable employee benefits | 12.8% |
12.8% |
| . |
. |
. |
Class 2 (Self-Employed) | . |
. |
Flat rate | £2.40
pw £124.80 pa | £2.40
pw £124.80 pa |
Small earnings exception | £5,075
pa | £5,075
pa |
| . |
. |
. |
| Class 4 (Self-Employed) | . | . |
| On profits | £5,715-£43,875
pa = 8% Over £43,875 pa = 1% | £5,715-£43,875
pa = 8% Over £43,875 pa = 1% |
| . | . | . |
Class 3 (Voluntary) | . | . |
| Flat rate | £12.05
pw £626.60 pa | £12.05
pw £626.60 pa |