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 Table D Rates and limits for 2005/06   Class 1 Weekly Monthly Yearly Primary Threshold - employees £94 £408 £4,895 Upper Earnings Limit - employees £630 £2,730 £32,760 Secondary Threshold - employers £94 £408 £4,895   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% 9.3% 11.8% 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 £82 per week qualify for benefit, and must be reported under PAYE, but no NICs are payable until earnings exceed £94 per week. The reduced Class 1 contributions payable by certain married women and widows rises to 4.85% for earnings between £94 and £630 per week, 1% above £630 per week.   Class 2 (Self-employed) Earnings over £4,345 per year £2.10 per week Class 3 (Voluntary) No limit applicable £7.35 per week Class 4 (Self-employed) Profits between £4,895 and £32,760 8%   Profits above £32,760 1%