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How do I work out how much NI I will pay
Lolliloo
Posts: 41 Forumite
in Cutting tax
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?
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?
0
Comments
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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%
EU Clinical Trials Directive stops medical advances0 -
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.odsNever Knowingly Understood.
Member #1 of £1,000 challenge - £13.74/ £1000 (that's 1.374%)
3-6 month EF £0/£3600 (that's 0 days worth)0
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