View more on these topics

National Insurance

Rises in National Insurance, as outlined in the 2002 Budget speech, are as follows for 2003/2004:-

  • The employee&#39s Primary Class 1 National Insurance rate is increased by 1% to 11% on earnings between the Primary Threshold (£89 per week) and Upper Earnings Limit (£595 per week).
  • Employees will, in addition, pay 1% Primary Class 1 National Insurance on all earnings above the Upper Earnings Limit.
  • The Employer&#39s Secondary Class 1 contribution rate on earnings above the Secondary Threshold (£89 per week) will increase by 1% to 12.8%.
  • The self-employed Class 4 rate on profits between the lower (£4,615) and upper profits limit (£30,940) will increase by 1% to 8%.
  • The self-employed will, in addition, pay Class 4 contributions at a rate of 1% on all profits over the upper profits limit.

Recommended

Ethical funds get fuel for future

The Chancellor showed a true amount of nationalistic pride in the many messages about how well the UK is doing compared with the US, Europe and even Japan. Are we encouraged? Forgive the cynacism but what country is the Chancellor living in if he thinks we are not in the midst of a recession? There […]

Allianz Dresdner takes conservative approach to bond fund

Allianz Dresdner Asset Management has established the high income bond, an Oeic that will be managed by its sister company, Pimco. The fund has an estimated target yield of 5 per cent a year and will invest in a mixture of high-yield and investment-grade corporate bonds, mainly in the UK. However, up to 30 per […]

Forsyth explores fixed-interest hedge funds

FORSYTH PARTNERS FORSYTH ALTERNATIVE INCOME FUND Type: Hedge fund of funds Aim: Income and growth by investing in fixed interest hedge funds, sovereign, corporate and emerging market bond funds Minimum investment: Lump sum $20,000 Place of registration: Cayman Islands Investment split: 100% in fixed interest hedge funds, sovereign, corporate and emerging market bond funds Charges: […]

Newbigging appointed High Sheriff of Wiltshire

Friends Provident chairman David Newbigging has been named as High Sheriff of Wiltshire, a position appointed annually by the Queen.His responsibilities will include the support of four local charities – the Wiltshire and Swindon Community Foundation, Crimebeat, Wiltshire Wildlife Trust and Kennet Furniture Recycling – along with a number of ceremonial duties.Newbigging, who lives in […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com