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NI Due on Variable Income
DoDa
Posts: 49 Forumite
in Cutting tax
Am I right in thinking NI applies to the money you have been paid in a particular week/month rather than being averaged out over the year?
I ask as my monthly PAYE gross pay can vary between £1,500 and £7,000, although will never exceed £40,000 annually. This means on a high pay month some of my salary has the lower limit of 2% NI applied and I would like to confirm I don’t have to pay additional NI at the end of the tax year.
I ask as my monthly PAYE gross pay can vary between £1,500 and £7,000, although will never exceed £40,000 annually. This means on a high pay month some of my salary has the lower limit of 2% NI applied and I would like to confirm I don’t have to pay additional NI at the end of the tax year.
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Comments
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You're right NI is calculated on the individual pay period so you won't be liable for any extraLost my soulmate so life is empty.
I can bear pain myself, he said softly, but I couldna bear yours. That would take more strength than I have -
Diana Gabaldon, Outlander0
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