National Insurance

Class 1 (employed)
contracted in		 2006/07 Rates
Weekly earnings
Employer
Employee
Up to £97
Nil*
Nil*
£97.01 - £645
12.8%**
11%**
Over £645
12.8%**
£60.28 +1%***
* Entitlement to contribution-based benefits retained for earnings between £84.01 and £97 per week.
** On earnings above £97.
*** On earnings above £645.
Class 1A (employers) 12.8% on employee taxable benefits
Class 1B (employers) 12.8% on PAYE Settlement Agreements
Class 2 (self-employed) flat rate per week £2.10
small earnings exception p.a. £4,465
Class 3 (voluntary) flat rate per week £7.55
Class 4 (self-employed) 8% on profits between £5,035 and £33,540 plus 1% on profits over £33,540