TAX TABLES 2008

National Insurance Contributions

Class 1 Employees Not Contracted-Out of State Second Pension   08-09 07-08   Employee Employer Employee Employer NIC rate 11% 12.8% 11% 12.8% No NICs on the first £105 pw £105 pw £100 pw £100 pw NICs charged up to £770 pw No limit £670 pw No limit 1% NIC on earnings over £770 pw n/a £670 pw n/a Certain married women 4.85% 12.8% 4.85% 12.8%

Contracted out Rebate 08-09 07-08 Rebate on £90.01 - £770 pw £87.01 - £670 pw Salary-related scheme 1.6% 3.7% 1.6% 3.7% Money-purchase scheme 1.6% 1.4% 1.6% 1.4% Personal Pension No reduction No reduction           Class 1A Employer 2006-08 on car fuel benefits and most other taxable benefits: 12.8%

Limit or Threshold 08-09 07-08 Weekly Monthly Annual Weekly Monthly Annual Lower earnings limit £90 £390 £4,680 £87 £377 £4,524 NICs start £105 £453 £5,435 £100 £435 £5,225 Upper earnings limit £770 £3,337 £40,040  £670 £2,904 £34,840

Self-employed  08-09  07-08 Class 2 Flat rate £2.30 pw £119.60 pa £2.20 pw £114.40 pa if earnings over £4,825 pa £4,635 pa Class 4 On profits £5,435 - £40,040 pa: 8% £5,225 - £34,840 pa: 8%   Over £40,040 pa: 1% Over £34,840 pa: 1% *Unless over state pension age on 6 April   Voluntary     Class 3 Flat rate £8.10 pw £421.20 pa £7.80 pw £405.60 pa

© Copyright 12 March 2008, subject to Finance Act 2008. For information only. Always seek professional advice before acting.

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