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