Item |
|
2000 - 2001 |
|
2001 - 2002 |
Lower Earnings Limit |
|
£67.00 |
|
£72.00 |
Upper Earnings Limit |
|
£535.00 |
|
£575.00 |
Primary Threshold |
|
£76.00 |
|
£87.00 |
Secondary Threshold |
|
£84.00 |
|
£87.00 |
Employee's contributions |
|
10% of £76.01 to £535 |
|
10% of £87.01 to £575 |
Employee's Contracted-out Rebate |
|
1.6% |
|
1. 6% |
Married Women Reduced Rate |
|
3.85% |
|
3.85% |
Employer's Contribution Rates |
|
12.2% |
|
11.9% on earnings above £87 |
Employers contracted-out rebate, salary-related schemes |
|
3% |
|
3% |
Employers contracted-out rebate, money-purchase schemes |
|
6% |
|
6% |
Class 2 Self employed Contribution |
|
£2.00 |
|
£2.00 |
Class 2 Small Earnings Exception |
|
n/a |
|
£3,955 per year |
Special Class 2 rate for share fishermen |
|
n/a |
|
£2.65 |
Special Class 2 rate for volunteer development workers |
|
n/a |
|
£3.60 |
Small Earnings Exception |
|
£3,825 per year |
|
£3,955 per year |
Class 3 (voluntary) Contribution |
|
£6.55 |
|
£6.75 |
Class 4 Contributions - Upper Profits Limit |
|
£27,820 per year |
|
£29,900 per year |
Class 4 Contributions - Lower Profits Limit |
|
£4,385 per year |
|
£4,535 per year |
Class 4 - Contribution Rate |
|
7% |
|
7% |