Class 1 (Employees) Not Contracted out of State Second Pension S2P
2010/11
2009/10
Employee Employer Employee Employer
© Copyright 22 June 2010, subject to final legislation. For information only. Always seek professional advice before acting.
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 on the first £110 a week 12.8% NICs over £110 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 No NICs on the first £110 a week 12.8% NICs over £110 a week

 

 

Limit or Threshold
2010/11
2009/10
© Copyright 22 June 2010, subject to final legislation. For information only. Always seek professional advice before acting.
 
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
© Copyright 22 June 2010, subject to final legislation. For information only. Always seek professional advice before acting.
Reduction on band earnings
£97.01-£770 pw
£97.01-£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
2010/11
2009/10
© Copyright 22 June 2010, subject to final legislation. For information only. Always seek professional advice before acting.
Most taxable employee benefits 12.8% 12.8%

 

 

Self-employed
2010/11
2009/10
© Copyright 22 June 2010, subject to final legislation. For information only. Always seek professional advice before acting.
Class 2 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 On profits £5,715 - £43,875 pa: 8%
Over £43,875 pa 1%
 £5,715 - £43,875 pa: 8%
Over £43,875 pa 1%
Voluntary Class 3 Flat rate £12.05 pw £626.60 pa £12.05 pw £626.60 pa

 

Class 1A Employer 2008-10 on car and fuel benefits and most other taxable benefits: 12.8%

 

 

 

 

Limit or Threshold
2009/10
2008/09
© Copyright 22 June 2010, subject to final legislation. For information only. Always seek professional advice before acting.
 
Weekly
Monthly
Annual
Weekly
Monthly
Annual
Lower limit (LEL) £95 £412 £4,940 £90 £390 £4,680
Earnings threshold £110 £476 £5,715 £105 £453 £5,435
Upper accrual point £770 £3,337 £40,040 N/A N/A N/A
Upper limit (UEL) £844 £3,656 £43,875 £770 £3,337 £40,040

 

 

Self-employed
2009/10
2008/09
© Copyright 22 June 2010, subject to final legislation. For information only. Always seek professional advice before acting.
Class 2 Flat rate £2.40 pw £124.80 pa £2.40 pw £119.60 pa
  Small earnings exception £5,075 pa £4,825 pa
Class 4 On profits £5,715 - £43,875 pa: 8%
Over £43,875 pa 1%
 £5,435 - £40,040 pa: 8%
Over £40,040 pa: 1%
Voluntary Class 3 Flat rate £12.05 pw £626.60 pa £8.10 pw £421.20 pa