WebThe National Insurance rate you pay depends on how much you earn, and is made up of: 13.25% of your weekly earnings between £242 and £967 (2024/23) 3.25% of your … WebAug 27, 2024 · How much NI does an employer pay? How much an employer pays in Class 1 NICs depends on their employees’ salary and their NI category letter: Category. £520-£737 per month income. £737.01-£4,189 per month income. £4,189.01+ per month income. A. 0%. 13.8%.
National Insurance: introduction - GOV.UK
WebFor example, if your income is £50,270, calculation would be: £50,270 - £9,569 (2nd slab upper limit) = £40,701 x 9% rate = £3,663.09 + £158.60 (£3.05 per week x 52 weeks per … WebNov 7, 2024 · Calculating employers National Insurance is straightforward: employers pay 0% on income below a certain threshold and 13.8% above that threshold. Use this NI … export weakaura
National Insurance for company directors - GOV.UK
WebIt will show you what contributions you will need to pay for Employers National Insurance, and the total employer cost. The online calculator is a straightforward ready reckoner, … WebJul 5, 2024 · For the tax year 2024-23: if you're over 16 years old and either an employee earning more than £9,880 per year until 05 July 2024 and £12,570 thereafter (2024-22: … WebClass 1A or 1B. Employers pay these directly on their employee’s expenses or benefits. Class 2. Self-employed people earning profits of more than £11,908 a year. If your profits are less than ... bubble tea in flushing