2012/13 Class 1 (employed) contracted in rates
| Employee | Employer | ||
| Earnings per Week | % | Earnings per Week | % |
| Up to £146 | Nil* | Up to £144 | Nil |
| £146.01 - £817 | 12 | Over £144 | 13.8 |
| Over £817 | 2 | ||
*Entitlement to contribution-based benefits retained for earnings between £102 and £139 per week.
| Class 1A (employers) | 13.8% on employee taxable benefits |
| Class 1B (employers) | 13.8% on PAYE Settlement Agreements |
Class 2 (self-employed) |
flat rate per week £2.65 |
Class 3 (voluntary) |
flat rate per week £13.25 |
Class 4 (self-employed) |
9% on profits between £7,605 and £42,475 plus 2% on profits over £42,475 |
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Building partnerships, listening to your needs, and implementing a solid financial stratgey is the backbone of our practice.
John Galley, Partner
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