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National Insurance Contributions (NICs)

2008/09 National Insurance Contributions (NICs)   Employer Employee Class 1 - not contracted out Lower earnings limit   £90 Weekly earnings bands Up to £105 Nil Nil £105.01 – £770 12.8% 11% Over £770 12.8% 1% Over state retirement age 12.8% Nil Class 1A On relevant benefits 12.8% Nil Class 2 Self employed £2.30 per week Limit of net earnings for exception £4,825 p.a. Class 3 Voluntary £8.10 per week Class 4* Self employed on profits   £5,435 - £40,040 8% Excess over £40,040 1% *Exemption applies if state retirement age was reached by 6 April 2008

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