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Tax tables 2005-06

National Insurance Contributions

Class 1 Employees
Not Contracted-Out of State Second Pension
	05-06		04-05
	Employee	Employer	Employee	Employer
NIC rate	11%	12.8%	11%	12.8%
No NICs on the first	£94 pw	£94 pw	£91 pw	£91 pw
NICs charged up to	£630 pw	No Limit	£610 pw	No Limit
1% NIC on earnings over	£630 pw	N/A	£610 pw	N/A
Certain married women	4.85%	As Above	4.85%	As Above

Contracted-out Rebate
	05-06		04-05
Rebate on	£82.01 - £630 pw		£79.01 - £610 pw
Salary-related scheme	1.6%	3.5%	1.6%	3.5%
Money-purchase scheme	1.6%	1.0%	1.6%	1.0%

Limit or Threshold
	05-06			04-05
	Weekly	Monthly	Annual	Weekly	Monthly	Annual
Lower earnings limit	£82	£356	£4,264	£79	£342	£4,108
NICs start	£94	£408	£4,895	£91	£395	£4,745
Upper earnings limit	£630	£2,730	£32,760	£610	£2,644	£31,720

Contracted-Out Rebate - Personal Pensions 05-06
Slice of earnings pa	£4,264- £12,100			£12,100- £27,800			£27,800- £32,760
S2P pension accrual	40%			10%			20%
Rebate	Double rate below*			Half rate below*			As rate below*
Age at 5 April 05	25	26	27	28	29	30	31	32
Rebate % for 20% accrual	4.6	4.6	4.7	4.7	4.8	4.8	4.9	4.9
Age at 5 April 05	33	34	35	36	37	38	39
Rebate % for 20% accrual	5.0	5.0	5.1	5.1	5.2	5.2	5.2
Age at 5 April 05	40	41	42	43	44	45	46	47
Rebate % for 20% accrual	5.3	5.3	5.4	5.6	5.7	5.9	6.1	6.3
Age at 5 April 05	48	49	50	51	52	53	54+
Rebate % for 20% accrual	6.5	6.7	7.3	8.0	9.0	10.2	10.5

*Plus tax relief on employee's contributions: 0.45%

Class 1A Employer 04-06
On car and fuel benefits and most other taxable benefits: 12.8%

Self-employed
		05-06	04-05
Class 2	Flat rate	£2.10 pw £109.20 pa	£2.05 pw £106.60 pa
	if earnings over	£4,345 pa	£4,215 pa
Class 4	On profits	£4,895-£32,760 pa: 8%	£4,745-£31,720 pa: 8%
		Over £32,760 pa: 1%	Over £31,720 pa: 1%

Voluntary
		05-06	04-05
Class 3	Flat rate	£7.35 pw £382.20 pa	£7.15 pw £371.80 pa

© Copyright March 2005, subject to Finance Act