Salary from NI payment.

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jamie
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Salary from NI payment.

Post by jamie »

How? I know its possible to figure out, point me in the right direction.
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Wintermute
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Post by Wintermute »

This may help...
if you earn above £97 a week (the 'earnings threshold') and up to £645 per week you pay 11 per cent of this amount as 'Class 1' NICs
you also pay one per cent of earnings above £645 a week as Class 1 NICs
you will pay a lower amount as an employee if you are a member of your employer's contracted out pension scheme
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Me Too
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Post by Me Too »

I wish you luck Jamie. I tried to figure it out once and just confused myself.
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Bob_The_Engineer
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Post by Bob_The_Engineer »

Wow that confusing ...

In fact so confusing it turned the Red Ranger gay

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Woz
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Post by Woz »

That's almost as good as the kangaroo one you sent the other day!

As far as NI goes, don't talk to me about NI.
I sold some share options the other month and was told I'd have to pay 40% tax on them...the stupid bint forgot to mention that I also had to pay employees AND employers NI on them too. Which was another 12.8%.
Nice.

It's really hard to work out what you actually owe, because some of it seems to be calculated before tax, and some after. It mystified me, but I think they want more than I have left from the share profits. Ho hum.
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