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STARTING WORK

National Insurance

• You will need a National Insurance number.

• This qualifies you for sick pay, maternity and disability benefits and a state pension. (Depending on your record of contributions).

• If you earn less than £4,745 in 2004/05 you do not pay contributions.

• If you earn more than £4,745 in 2004/05 you pay 11% on the excess between £4,745 and £31,720, and 1% on earnings in excess of £31,720

REMEMBER You should not use any information contained on this page as the basis of any action until you have discussed matters with your financial adviser.