UK Income Less Than £7000 PA

whambam

Hello,

Do you have to pay income tax or national insurance if your income is less than £8428 per year?

According to the website no tax or NI if your income is below £8428 PA?

https://www.income-tax.co.uk/calculator/8428/

Thanks.

Dazed_and_confused

Tax no.

NI depends on when the payments were made (and what type of income the £8428 is).

whambam

last year

Regular employment salary income?

Dazed_and_confused

So National Insurance may well be payable (when the payments were made).

NI on employment earnings is usually based on pay each pay day, not what you earn in a year.

Earn £100 in a weekly wage no NI payable.

Earn £200 and some NI is payable.

00ec25

since you state it is employment income it must be at least at national minimum wage level so you are likely to have to pay some NI on at least one or more pay days if you do more than 19.75 hours per week

are you aware of the NI rules for ensuring you get a full year's credit towards state pension entitlement. Such a low wage if that genuinely is your sole income will need to be managed carefully or you will lose out badly in later life
https://revenuebenefits.org.uk/tax-credits/guidance/how-much-can-your-client-get/national-insurance-credits/

polymaff

When data in the original post rises by 20% between the title and the body being typed, one might ask the OP to carefully declare and identify all taxable income and benefits - and any Benefit in Kind received - in the relevant period.



The better the data, the better the advice will be.

Dazed_and_confused

I think the op has earned less than £7k with the £8428 being a slightly inaccurate reference to the NI Primary Threshold.

But the op really does need to clarify this to be certain.

polymaff

Dazed_and_confused wrote: »

I think the op has earned less than £7k with the £8428 being a slightly inaccurate reference to the NI Primary Threshold.

But the op really does need to clarify this to be certain.

Quite, but how much better to be sure.

whambam

if your paid every 3 months how does that work out for tax and ni purposes? Is it the same as getting taxed on a weekly basis?

00ec25

whambam wrote: »

if your paid every 3 months how does that work out for tax and ni purposes? Is it the same as getting taxed on a weekly basis?

please set out once and for all what are the circumstances you are asking about, so we can give accurate advice instead of having to move the goalposts every time you reply

if your paid every 3 months how does that work out for tax and ni purposes? Is it the same as getting taxed on a weekly basis?

is not the normal meaning of

Regular employment salary income?

are you, or are you not, earning national minimum wage when your hours are added up?
you have been told how NI works, do you really need to spoon fed?

is your employer a family relation and taking advantage of you? Being paid once per quarter is not what normal people accept for the equivalent of around 7k per year.
A salesman on a low basic plus a quarterly commission having a really bad year perhaps, but not an employee in a regular job.