David Barry    Accountants and tax advisers       020 8252 7018/07877671423                         


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 and
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
Small earnings
exemption
£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 addition
 
Total married pension
Pension credit
Standard minimum guarantee 
Single
Couple

 


£97.65pw/£5,077.80 annual
£58.50pw/£3,042 annual

£156.15pw/£8,119.80

 


£132.60pw/£6,895.20annual

£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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