National Insurance Contributions

From 6th April 2008

	Contract in	Contract out
		Salary Related	Money Purchase
Class 1 (employees)
Employee contributions
- on earnings £105.01 - £770pw	11.0%	9.4%	9.4%
- on earnings above £770pw	1.0%	1.0%	1.0%
Employer contributions
- on earnings £105.01 - £770pw	12.8%	9.1%	11.4%
- on earnings above £770pw	12.8%	12.8%	12.8%
Class 2 (Self-employed)
Flat rate per week		£2.30
Small earnings exception: profits per annum		£4,825
Class 3 (Voluntary)
Flat rate per week		£8.10
Class 4 (Self-employed)
On profits £5,435 - £40,040		8.0%
On profits over £40,040		1.0%

Pension Contributions

Maximum annual tax-efficient gross contributions to age 75

- individuals  £3,600 or 100% of earnings to £225k
- employers  £225k less employee contributions

Maximum tax efficient fund on taking benefits in 2008/09: £1,650,000