• Introduction
• Income Tax
• Capital Gains Tax
• Corporation Tax
• Main Capital Allowances
• Value Added Tax
• Inheritance Tax
• Vehicle Benefits
• Mileage Allowances
• NI Contributions
• Key Dates & Deadlines
• Pension Premiums
• Charitable Giving
• Savings & Investments
• Some Useful Rates
• Stamp Taxes
• Proposed Changes for 2011-12 and Beyond

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.