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National insurance rates
The following national insurance rates apply. | Class | Rates | 2007/2008 | 2006/2007 |
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| Class 1 (earnings related) | Lower earnings limit | £87 | £84 | | Upper earnings limit (employees only) | £670 | £645 | | Earnings threshold (employees only) | £100 | £97 | | Employee rate (standard) | 11%(of £100.01 to £670), 1% (above £670) | 11%(of £97.01 to £645), 1% (above £645) | | Employer rate | 12.8%(on earnings above £100) | 12.8%(on earnings above £97) | | Class 2 (self-employed flat rate) | Per week | £2.20 | £2.10 | | Small earnings exception (per year) | £4,635 | £4,465 | | Class 3 (voluntary) | Per week | £7.80 | £7.55 | | Class 4 (self-employed) | Lower profit limit (per year) | £5,225 | £5,035 | | Upper profit limit (per year) | £34,840 | £33,540 | | Rate | 8% (of £5,225 to £34,840), 1% (above £34,840) | 8% (of £5,035 to £33,540), 1% (above £33,540) |
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