Budget 2007 Introduction Personal Income Tax National Insurance Contributions Employees Savings & Investments Trusts Capital Gains Tax Stamp Duty Land Tax Inheritance Tax Corporation Tax Business Tax Value Added Tax Other Measures Tax Tables National Insurance

National Insurance Table D Rates and limits for 2007/08   Class 1 Weekly Monthly Yearly Primary Threshold - employees £100 £435 £5,225 Upper Earnings Limit - employees £670 £2,903 £34,840 Secondary Threshold - employers £100 £435 £5,225   Employer's Contribution Contracted In Contracted Out     Salary Related Scheme Money Purchase Scheme On earnings up to threshold Nil Nil Nil On earnings between threshold and upper earnings limit 12.8% 9.1% 11.4% On earnings above upper earnings limit 12.8% 12.8% 12.8%   Employee's Contribution Contracted in: 11% on earnings between lower and upper limits, 1% above upper limit. Contracted Out: 9.4% on earnings between lower and upper limits, 1% above upper limit. Earnings over £87 per week qualify for benefit, and must be reported under PAYE, but no NICs are payable until earnings exceed £100 per week. The reduced Class 1 rate payable by certain married women and widows is 4.85% for earnings between £100 and £670 per week, 1% above £670 per week.   Class 2 (Self-employed) Earnings over £4,635 per year £2.20 per week Class 3 (Voluntary) No limit applicable £7.80 per week Class 4 (Self-employed) Profits between £5,225 and £34,840 8%   Profits above £34,840 1%