Budget Summary 2011 Introduction Income Tax Tax Credits and Benefits National Insurance Employees Savings and Investment Capital Gains Tax Inheritance Tax Corporation Tax Business Tax Value Added Tax Stamp Duty Land Tax Other Measures Income Tax Rates and Allowances National Insurance Contributions

National Insurance Contributions Table D   Rates and limits for 2011/12   Class 1 Weekly Monthly Yearly Lower Earnings Limit (LEL) £102 £442 £5,304 Primary Threshold - employees (PT) 139 602 7,225 Secondary Threshold - employers (ST) 136 589 7,072 Upper Accrual Point (UAP) 770 3,337 40,040 Upper Earnings Limit - employees (UEL) 817 3,540 42,475   Employer's Contribution Contracted In Contracted Out     Salary Related Scheme Money Purchase Scheme On earnings up to ST Nil Nil Nil On earnings between ST and UAP 13.8% 10.1% 12.4% On earnings above UAP 13.8% 13.8% 13.8%   Employee's Contribution Contracted in: 12% on earnings between PT and UEL, 2% above UEL. Contracted Out: 10.4% on earnings between PT and UAP; 12% from UAP to UEL; 2% above UEL. Earnings over LEL qualify for benefit, and must be reported under PAYE, but no NICs are payable until earnings reach PT. The reduced Class 1 rate payable by certain married women and widows is 5.85% for earnings between PT and UEL, 2% above UEL.   Class 2 (Self-employed) Earnings over £5,315 per year £2.50 per week Class 3 (Voluntary) No limit applicable £12.60 per week Class 4 (Self-employed) Profits between £7,225 and £42,475 9%   Profits above £42,475 2%