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Prime Advisors Ltd,
NEW ADDRESS:
Ocean Air house
Suite 200, Floor 1,
750-760 High Road, Leytonstone,
London E11 3AW
Tel - 0044 208 530 6929
Fax - 0044 208 989 1179
E-mail: primeadvisors@yahoo.co.uk

 
   

NATIONAL INSURANCE

   

 

2003-2004 Earnings pw

2002-2003 Earnings pw

Employees Class 1 NIC Earnings at or above lower limit
Standard rate -
contracted in
 

contracted out

 


0% up to 89
11% on 90-595

9.4% on 90-595
1% over 595

 


0% up to 89
10% on 90-585

8.4% on 90-585

Employers Class 1 Contribution
Contracted in -
Below 89
Over 89

Contracted out -
Below 89
Over 89
Over 595/585




NIL
12.8%

SR               MP
NIL              NIL
9.3%           11.8%
12.8%         12.8%




NIL
11.8%

SR               MP
NIL              NIL
8.3%           10.8%
11.8%         11.8%

Class 2- Self employed rate

Small earnings exception


2.00 per week

4,095 per annum


2.00 per week

4,025 per annum

Class 3 - Voluntary rate

6.95 per week

6.85 per week

Class 4 - Self employed rate

Lower limit of earnings

Upper limit of earnings

1% on earnings over


8%

4,615 per annum

30,940 per annum

30,940 per annum


7%

4,615 per annum

30,420 per annum

Please Note:

1. Contracted out rebates due for earnings between 77 and 89
2. SR = Salary related scheme
    MP = Money Purchase scheme

 

 

   
 

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