Employees
The history of the rates charged is not easy to find, but there is a partial history at UK Tax History As mentioned above, the employee contribution was a flat rate stamp until 1975.
The rates for 1975 - 1978 are not to be found.
1978 - 1979 the contribution was at 6.50% up to the upper limit.
1979 - 1980 the contribution was at 6.75% up to the upper limit.
1980 - 1981 the contribution was at 7.75% up to the upper limit.
1981 - 1982 the contribution was at 8.75% up to the upper limit.
1982 - 1989 the contribution was at 9.00% up to the upper limit.
1989 - 1994 the contribution was at 2.00% on the lower band of earnings and then at 9.00% up to the upper limit.
1995 - 1999 the contribution was at 2.00% on the lower band of earnings and then at 10.00% up to the upper limit.
1999 - 2003 the contribution was at 0.00% on the lower band of earnings and then at 10.00% up to the upper limit.
2003 - 2011 the contribution was at 0.00% on the lower band of earnings and then at 11.00% up to the upper limit and 1% on earnings over the upper limit.
2011 - 2013 the contribution was at 0.00% on the lower band of earnings and then at 12.00% up to the upper limit and 2% on earnings over the upper limit.
The limits and rates are normally announced at the same time as the Autumn Statement made by the Chancellor of the Exchequer but they do not get the level of publicity that occurs with the budget. The lower limit is set at a similar level to the personal allowance for Income Tax; the two were briefly aligned in the late 2000s but then were allowed to move apart. For 2012-13 the point at which Employees start to pay National Insurance is about £ 7600 per year, the start point for Income Tax being £ 8105. Current rates are shown on the hmrc.gov.uk website.
Read more about this topic: National Insurance, Contribution Rates
Famous quotes containing the word employees:
“Exporting Church employees to Latin America masks a universal and unconscious fear of a new Church. North and South American authorities, differently motivated but equally fearful, become accomplices in maintaining a clerical and irrelevant Church. Sacralizing employees and property, this Church becomes progressively more blind to the possibilities of sacralizing person and community.”
—Ivan Illich (b. 1926)
“I have said many times, and it is literally true, that there is absolutely nothing that could keep me in business, if my job were simply business to me. The human problems which I deal with every day—concerning employees as well as customers—are the problems that fascinate me, that seem important to me.”
—Hortense Odlum (1892–?)