Tax Rates - National Insurance Contributions

National Insurance

National Insurance Contributions 2000/2001

Class 1 for employed workers - based on total weekly earnings

Not contracted out

10% on excess over £76, up to weekly earnings of £535

Contracted out

8.4% on excess over £76, up to weekly earnings of £535

Class 2 and 4 self-employed

Class 2 fixed (per week)

£2.00

No liability if earnings below (per year)

£3,825

Class 4 earnings-related on profits

Earnings band (per year)

£4,385 -£27,820

Class 3 voluntary

(rate per week)

£6.55

National Insurance Contributions 1999/2000

Class 1 for employed workers - based on total weekly earnings

Contracted in to SERPS			Contracted out of SERPS
first £66 nil	next £434 10%	over £500 nil	first £66 10%	next £434 8.40%	over £500 10%

Class 2 for the self employed

£6.55 per week if earning more than £3,770.00 pa

Class 3 voluntary contributions

£6.45 per week

Class 4 for the self employed

6% on profits between £7,530 and £26,000

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