NICs Rates - Budget 2010
For 2010/2011, all NICs rates and thresholds are unchanged but the 2 exceptions are:
the Lower Earnings Limit (LEL) which is linked to the basic State Pension will increase by £2 from £95 per week to £97 per week; and
the special Class 2 rate for Volunteer Development Workers will increase by 10p from £4.75 per week to £4.85 per week, because this is linked to the LEL.
For 2011/2012 the main rates of Class 1 and Class 4 NICs will be increased by a further 0.5 per cent to 12 per cent and 9 per cent respectively. The employer rate for both Class 1A and 1B contributions will be increased by a further 0.5 per cent to 13.8 per cent. The additional rate of Class 1 and 4 NICs will be increased by a further 0.5 per cent to 2 per cent. The primary threshold and lower profits limit will be increased by £570 to compensate the lowest earners.