Quizzes & Puzzles3 mins ago
National Insurance
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Does anyone know how much is deducted from a 16 year olds weekly wage to pay National Insurance or what the minimum weekly earning is before you have to pay it? Thanx.
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For more on marking an answer as the "Best Answer", please visit our FAQ.No national insurance contributions are payable on a weekly wage of �91 or less (employees are treated as having paid notional contributions on earnings between �79 and �91 a week but the employee themself does not actually pay anything). On amounts over and above �91, contributions are payable at a rate of 11%, dropping down to 1% on earnings over �610 per week (unlikely for a 16 year old!) So to work out contributions payable, deduct �91 from the weekly wage and work out 11% of the balance.