Who should settle National Insurance and at what rate? What just about students doing summer work? And underneath 18's?
Answers: Everyone who is over the age of 16 doing some sort of rewarded employment pays NI or tax. The tax organization will work how much you have to pay.
Anyone who earn more than lb97 per week has to pay NI at a rate of 11% (that 11% over the lb97 freshhold).
All UK residents aged 16 or over are required to pay Tax.
Self employed people reward Class 2 contributions, but that is a whole different orb game.
Employees are entitled to lb96.96 of free pay per week, ie no excise payable. Anything above that is taxed roughly speaking 20%, but varies dependant on your tax code. Source(s): Grant (G) Leech; Business & Recruitment Consultant
Anyone in paid employment they should salary regardless of being students or under 18's
It depends how much you earn, if you are within a pension scheme and how repeatedly you are paid. If you are paid over the restrain in a pay time you pay national insurance. It is not an annual payment as income export tax is. You pay national insurance if you earn enough once you are 16 I reflect on.
Current rates for national insurance can be found at:
http://www.hmrc.gov.uk/nic/tables06_07.h…
CA38 and CA31 will be of most use.
not a soul
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