We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
NI Due on Variable Income
DoDa
Posts: 50 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.
0
Comments
-
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
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.6K Banking & Borrowing
- 254.2K Reduce Debt & Boost Income
- 455.1K Spending & Discounts
- 246.6K Work, Benefits & Business
- 603K Mortgages, Homes & Bills
- 178.1K Life & Family
- 260.6K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards