Kings Lynn Chartered Accountants & Business Advisers

Tax information: National insurance, Thain Wildbur, Kings Lynn, Norfolk

Tax Guide

National Insurance Contributions

Class 1 (not contracted out)	Employer	Employee
Payable on weekly earnings of
Below £97 (lower earnings limit)	Nil	Nil
£97-£110 (earnings threshold)	0%	0%
£110.01 - £770 (upper accrual point)	12.8%	11%
£770.01 - £844 (upper earnings limit)	12.8%	11%
Over £844	12.8%	1%
Over state retirement age, the employee contribution is generally Nil

Class 1A (on relevant benefits)	12.8%	Nil

Class 1B (on PAYE settlement arrangement)	12.8%	Nil

Class 2 (Self employed)	£2.40 per week
Limit of net earnings for exception	£5,075 per annum

Class 3 (Voluntary)	£12.05 per week

Class 4* (Self employed on profits)
£5,715 - £43,875	8%
Excess over £43,875	1%
*Exemption applies if state retirement age was reached by 6 April 2010.

Note

For those earning between £97 per week and £770 per week, employers receive a rebate of 1.4% on contracted out money purchase schemes or 3.7% on contracted out final salary schemes, and employees a rebate of 1.6% for either scheme.

Thain Wildbur
36-38 King Street
Kings Lynn
Norfolk
PE30 1ES

Tel: 01553 772680
Fax: 01553 769162
enquiries@thainwildbur.co.uk

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