Paye from 2010-2011 May 22, 2011
Call David Barry today on: 020 8252 7018 / 07877 671423
NIC/Basic State Pension
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Class 1 Employee Not contracted-out of State Second Pension (S2P)
Narrative Employee/Employer
NIC rate 11%/12.8%
No NICs on the first £110pw/£110pw
NICs charged at 11%/12.80%
up to £844pw/No limit
1% NIC earnings over £844pw
Certain married women 4.85%/12.80%
Limits Thresholds
Lower earnings limit £97pw/£421monthly/£5,044 annual
Earnings threshold £110pw/£476monthly/£5,715 annual
Upper accruals point £770pw/£3,337monthly/£40,040 annual
Class 1A Employer
On car and fuel benefits and
most other taxable benefits 12.80%
Self employed
Class 2 Flat rate £2.40pw/£124.80pa
Small Earnings Exemption
Small earnings £5,075 pa
Class 4 unless
over state
pension age on
06 April 2010
On profits
£5,715-£43,875 8%
Over £43,875 1%
Voluntary
Class 3 flat rate £12.05pw/£626.60 pa
Basic State Pension
Single person
Dependants £97.65pw/£5,077.80 annual
addition £58.50pw/£3,042 annual
Total married pension £156.15pw/£8,119.80
Pension Credit
Standard Minimum
Guarantee
Single £132.60pw/£6,895.20 annual
Couple £202.40/£10,524.80 annual
Car Fuel Benefits (2009/10 and 2010/11)
• £16,900/£18,000 x CO2 'appropriate percentage'
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