Class 1 (Employees) Not Contracted out of State Second Pension S2P
2011/12
2010/11
Employee Employer Employee Employer
© Copyright 23rd March 2011, subject to final legislation. For information only. Always seek professional advice before acting.
No NICs where earnings are up to £139 a week 12% NICs on £139.01-£817 a week 2% NICs over £817 a week No NICs on the first £136 a week 13.8% NICs over £136 a week No NICs where earnings are up to £110 a week 11% NICs on £110.01-£844 a week 1% NICs over £844 a week No NICs on the first £110 a week 12.8% NICs over £110 a week

 

 

Limit or Threshold
2011/12
2010/11
© Copyright 23rd March 2011, subject to final legislation. For information only. Always seek professional advice before acting.
 
Weekly
Monthly
Annual
Weekly
Monthly
Annual
Lower limit (LEL) £102 £421 £5,044 £97 £421 £5,044
Primary earnings threshold £139 £602 £7,225 £110 £476 £5,715
Secondary earnings threshold £136 £589 £7,072 £110 £476 £5,715
Upper accrual point £770 £3,337 £40,040 £770 £3,337 £40,040
Upper limit (UEL) £817 £3,540 £42,475 £844 £3,656 £43,875

 

 

 

Contracted-out S2P rebate
2011/12
2010/11
© Copyright 23rd March 2011, subject to final legislation. For information only. Always seek professional advice before acting.
Reduction on band earnings
£102.01-£770 pw
£97.01-£770 pw
Employer rate reduction:  
Salary-related scheme 3.7% 3.7%
Money-purchase scheme 1.4% 1.4%
Employee rate reduction 1.6% 1.6%

 

 

Class 1A (Employers) Most taxable employee benefits
2011/12
2010/11
© Copyright 23rd March 2011, subject to final legislation. For information only. Always seek professional advice before acting.
Most taxable employee benefits 13.8% 12.8%

 

 

Self-employed
2011/12
2010/11
© Copyright 23rd March 2011, subject to final legislation. For information only. Always seek professional advice before acting.
Class 2 Flat rate £2.50 pw £130.00 pa £2.40 pw £124.80 pa
  Small earnings exception £5,315 pa £5,075 pa
Class 4 On profits £7,225 - £42,475 pa: 9%
Over £42,475 pa: 2%
 £5,715 - £43,875 pa: 8%
Over £43,875 pa: 1%
Voluntary Class 3 Flat rate £12.60 pw £655.20 pa £12.05 pw £626.60 pa

 

Class 1A Employer 2008-10 on car and fuel benefits and most other taxable benefits: 12.8%