Budget 2008 Introduction Personal Income Tax Tax Credits National Insurance Contributions Employees Savings Capital Gains Tax Inheritance Tax Stamp Duty Land Tax Corporation Tax Business Tax Value Added Tax Other Measures Tax Tables National Insurance

National Insurance Table D Rates and limits for 2008/09   Class 1 Weekly Monthly Yearly Primary Threshold - employees £105 £453 £5,435 Upper Earnings Limit - employees £770 £3,337 £40,040 Secondary Threshold - employers £105 £453 £5,435   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 £90 per week qualify for benefit, and must be reported under PAYE, but no NICs are payable until earnings exceed £105 per week. The reduced Class 1 rate payable by certain married women and widows is 4.85% for earnings between £105 and £770 per week, 1% above £770 per week.   Class 2 (Self-employed) Earnings over £4,825 per year £2.30 per week Class 3 (Voluntary) No limit applicable £8.10 per week Class 4 (Self-employed) Profits between £5,435 and £40,040 8%   Profits above £40,040 1%