Slaters Chartered Accountants Newcastle Stoke on Trent PAYE tax returns bookeeping, Professional friendly service

National Insurance

Class 1 (employed) contracted in	2008/09 Rates
Weekly earnings	Employer	Employee
Up to £105	Nil*	Nil*
£105.01 - £770	12.8%**	11%**
Over £770	12.8%**	£73.15 +1%***
* Entitlement to contribution-based benefits retained for earnings between £90.01 and £105 per week. On earnings above £105. * On earnings above £770.

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 £2.30 small earnings exception p.a. £4,825 p.a.
Class 3 (voluntary)	flat rate per week £8.10
Class 4 (self-employed)	8% on profits between £5,435 and £40,040 plus 1% on profits over £40,040