National Insurance 2005 2006

chartered accountants Manson & Partners, dumfries scotland uk (full address)

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We are also regulated for a range of investment business activities by the Institute of Chartered Accountants of Scotland.

Tax Data 2005 / 2006

NATIONAL INSURANCE

Class 1 (employed) Contracted in	2005/06 Rates
Weekly earnings	Employer	Employee
Up to £94	Nil *	Nil *
£94.01 - £630	12.8% **	11% **
Over £630	12.8% **	£58.96 +1% †

* Entitlement to contribution-based benefits retained for earnings between £82.01 and £94 per week.
** On earnings above £94.
† On earnings above £630.

Class 1A (employers)	12.8% on employee taxable benefits
Class 1B (employers)	12.8% on PAYE Settlement Agreements
Class 2 (self-employed)	flat rate per week £2.10 small earnings exception p.a. £4,345
Class 3 (voluntary)	flat rate per week £7.35
Class 4 (self-employed)	8% on profits between £4,895 and £32,760 plus 1% on profits over £32,760

tax rates & reliefs,
tax credits,
pension premiums,
fuel benefits,
mileage allowance,
ISAs,
corporation tax,
capital allowances,
value added tax,
capital gains tax,
inheritance tax,
stamp duty tax,
national insurance,
social security,
self assessment.

Please contact us if you wish to discuss any matters raised.