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NIC |
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NIC rates TM ¶5004, 5056, 5064, 5093, 9976 A number of changes over the next 3 years have been announced.
2009/10 The upper earnings limit will be realigned with the higher rate threshold at £43,875.
2011/12 The earnings threshold will be broadly realigned with the personal allowance. At the same time the rate of Class 1, 1A, 1B and 4 NIC will all increase by ½%. This will take Class 1 employer’s NIC to 13.3%, and Class 1 employee’s NIC to 11.5% for earnings up to the upper earnings limit and 1.5% above it. The self-employed will suffer Class 4 NIC at 8.5% up to the upper profits limit and 1.5% above it.
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