4

I understand that in the UK national insurance is a deduction made to your salary. I have seen this question/answer, that lists 2 very good websites that breakdown your take home pay for UK residents.

However, TAX has some clear guidlines, i.e. £10K tax free, 20% on earnings between £10K and £41K, and so on. Is there some guidelines like that for National Insurance?

6

To quote from the HMRC website:

If you're employed you pay Class 1 National Insurance contributions. The rates are:

if you earn more than £153 a week and up to £805 a week, you pay 12% of the amount you earn between £153 and £805

if you earn more than £805 a week, you also pay 2% of all your earnings over £805

You pay a lower rate if you're a member of your employer's contracted-out pension scheme.

If you're self-employed then it's much more complicated.

Your Answer

By clicking “Post Your Answer”, you agree to our terms of service, privacy policy and cookie policy

Not the answer you're looking for? Browse other questions tagged or ask your own question.