Classified Ads
for Businesses

Start In Business
Bookmark and Share
 UK Budget 2002 - Related Government Press Releases

April 17 2002


(See the full text of the Chancellor's speech here!)


The Chancellor today announced an increase in the rates of National
Insurance contributions (NICs) which will be introduced in 2003-04.
There will be an additional 1 per cent national insurance
contribution (NIC) by employers, employees and the self-employed on
all earnings above the NICs threshold of #89 per week. This is in
addition to existing rates of contribution below the upper earnings
limit for employees and the upper profits limit for the

This means that the starting point for both employers' and employees'
NICs in 2003-04 will be #89 per week and no employee will pay NICs on
earnings below this amount.

Rates and thresholds are set out below.

                                       2002-03                2003-04

Primary threshold                 #89 per week           #89 per week

Secondary threshold               #89 per week           #89 per week

Employees' primary class 1                 10%                    11%
rate on earnings between 
primary threshold and 
upper earnings limit

Employees' primary class 1                   -                     1%
rate on earnings above
upper earnings limit

Employers' secondary class 1             11.8%                  12.8%
rate on earnings
above secondary threshold

Lower profits limit                     #4,615                 #4,615
(for self-employed Class 4

Class 4 rate on profits between             7%                     8%
lower and upper profits limit

Class 4 rate on profits above                -                     1%
upper profits limit


Further information and all published documents relating to Budget 2002 may be found on the Internet at the following addresses:

HM Treasury

Inland Revenue

HM Customs and Excise

'Start in Business' Best Sellers :

The Beermat Entrepreneur : Advice on Turning a Good Idea into a Great Business.
How to Make Millions With Your Ideas : An Entrepreneur's Guide.
Richard Branson : The Authorised Biography
Motley Fool : Make your Child a Millionaire.
Hackers and Painters : What impact will programmers have on the rest of us?

Legal Document Templates :
Trading : Debtors & Creditors, Contracts & Letters etc.
Corporate : Corporate Docs & Forms, Company Admin, Companies House Forms
Employment : Recruitment, Staff Management, Discipline & Dismissal
Health & Safety : Health & Safety Statements, H & S Forms

Retailer's and Trader's Resources :

UK Wholesale Directory + Product Database :
SimplyWholesale : Find suppliers & view live wholesale offers.

Wholesale Directory - List of Suppliers :
UK-Trader's Wholesale Guide : Used by thousands of traders. Instant download.

Business Software :
Business Plan Software : Generate a solid business plan.

Gadgets / Future :
Electronic Product Code ( EPC ) Network : Research into the future of products
Buying Gadgets : The first Bluetooth products on the market.
Making Gadgets : Programming wireless devices with Java 2 ME.

Fun Stuff / Entertainment :
Ghana Soundz, Music : Probably the best music you will ever hear
The Office, TV Series : Useful when training your staff!
Need a Better Office Ambiance? : Sound like a call centre on the telephone!

last modified: April 17, 2002