Quizzes & Puzzles1 min ago
National insurance calculation + tax
4 Answers
If someone is paid £9 per hour gross for 22 and half hours per week for a small business what would be the NI contribution on that and the tax.
Many thanks in anticipation
Many thanks in anticipation
Answers
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For more on marking an answer as the "Best Answer", please visit our FAQ.Found a web site that shows the calcualtion, I only based it on 22 hrs as you can not enter .5 hours but it will give you an idea
annual monthly weekly hourly
Gross pay £10,530.00 £877.50 £202.50 £9.20
Income tax £899.00 £74.92 £17.29 £0.79
National Insurance £557.70 £46.48 £10.73 £0.49
Net pay £9,073.30 £756.11 £174.49 £7.93
http://www.worksmart.org.uk/tools/tax_calc.php
annual monthly weekly hourly
Gross pay £10,530.00 £877.50 £202.50 £9.20
Income tax £899.00 £74.92 £17.29 £0.79
National Insurance £557.70 £46.48 £10.73 £0.49
Net pay £9,073.30 £756.11 £174.49 £7.93
http://www.worksmart.org.uk/tools/tax_calc.php
You would pay no tax on this sum, as the total yearly sum would fall below the personal allowance of £11,500 a year. You would only need to pay NI on part of the sum, and it would be a total of £5/week. See more here: https:/ /www.in come-ta x.co.uk /