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Tax and National Insurance Percentages....
crapwithcash82
Posts: 1,044 Forumite
in Cutting tax
Hi Folks, not sure if this is the correct place to post but I wondered if anyone could help me. I wanted to try and find out what percentage of wages is taken for Tax and what percentage for National Insurance. I'm opting in to a scheme at work for child-care vouchers, and the amount is deducted from your wages before tax. I just want to have a rough idea what my wages will be after this is deducted and after my tax/NI contributions are taken off too.
Soryr if its a silly question!
Soryr if its a silly question!
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Comments
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Basic rate tax is 20% up to £37,400 taxable, then 40%. NIC is 11%.£705,000 raised by client groups in the past 18 mths :beer:0
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You could also try putting your figures into a salary calculator website like listentotaxman0
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Income tax - http://www.hmrc.gov.uk/rates/it.htm
National Insurance - http://www.hmrc.gov.uk/rates/nic.htmThis is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com0 -
Thanks folks, i'll check out those websites!
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