Budget 2005 Introduction Personal Income Tax Tax Credits National Insurance Contributions Employees Pensioners Savings 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 Rates and limits (Table D) The percentage rates of NIC remain unchanged. There are small increases in the thresholds and upper limits, and also in the flat rate weekly payments under Classes 2 and 3. An increase in NIC rates has much the same effect as an increase in income tax, but it is argued by whoever increases it that it is not a tax - it's therefore seen as an easy place to raise money, but not this time.