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National Insurance Contributions

hobo28

hobo28 Posts: 1,601 Forumite

13 September 2006 at 6:30AM in Cutting tax

Hi all

How does National Insurance work then? Specifically is there an upper limit to what you pay? For some reason I thought there is/was but my friend says there isn't.

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Comments

oldwiring Posts: 2,452 Forumite

13 September 2006 at 8:00AM

NO upper limit, Tou pay at 11% between the Lower and Upper Earnings Level (LEL and UEL) and then at 1% om anything above. Standard rates vary according to pension staus- Contracted In/Pot.

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A_Nice_Englishman Posts: 2,301 Forumite

13 September 2006 at 10:48PM

All the gory details can be found at

http://www.hmrc.gov.uk/faqs/faqnic.htm

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