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 Table D Rates and limits for 2006/07   Class 1 Weekly Monthly Yearly Primary Threshold - employees £97 £420 £5,035 Upper Earnings Limit - employees £645 £2,795 £33,540 Secondary Threshold - employers £97 £420 £5,035   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 £84 per week qualify for benefit, and must be reported under PAYE, but no NICs are payable until earnings exceed £97 per week. The reduced Class 1 contributions payable by certain married women and widows is 4.85% for earnings between £97 and £645 per week, 1% above £645 per week.   Class 2 (Self-employed) Earnings over £4,465 per year £2.10 per week Class 3 (Voluntary) No limit applicable £7.55 per week Class 4 (Self-employed) Profits between £5,035 and £33,540 8%   Profits above £33,540 1%