Budget 2006 Introduction Personal Income Tax Tax Credits National Insurance Contributions Employees 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 Contributions 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 Class 3 (voluntary contributions). The weekly Class 2 contribution remains unchanged, although the exception for small earnings has gone up by inflation. 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.