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How do I work out how much NI I will pay

Is it like when calculating income tax?

Ie if say I earn £20,000 do I take off the personal allowance and then times by 11%?

Do you still have to pay NI if you earn below the annual personal allowance?

Comments

  • CLAPTON
    CLAPTON Posts: 41,865 Forumite
    10,000 Posts Combo Breaker
    assuming you are in paid employment (and not self employed) then it works on a weekly or monthly basis depending upon how you are paid.

    assuming you are not contracted out of the state second pension then you pay 11% over 105 per week or 453 per month.
    EU tariff on agricultual product 12.2%
    some dairy products 42.1% cloths 11.4%
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  • patman99
    patman99 Posts: 8,532 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker Photogenic
    I got busy and created a spreadsheet to estimate both Tax & NI, and tell you roughly what you will earn per/week.
    I wrote it to allow me to estimate my potential earnings given a set of hours. The idea being that I could work-out if it was better to work overtime during the week, or do it all on Saturday morning.

    As yet it dose not differentiate between lower & high tax bands, but I will try to incorporate this as and when I get to grips with Ooo's strange formula's.

    To use the s/s, you will need Openoffice.org 2.4.0 or above, then just click on the link to access the file -
    https://www.interconnectedworld.co.uk/articles/potearncalc.ods
    Never Knowingly Understood.

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