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| *Ostroff, Fair and Company>>>United Kingdom Taxes |
Who should pay National Insurance and at what rate? What about students doing summer work? And under 18's? |
Who should pay National Insurance and at what rate? What about students doing summer work? And under 18's? All UK residents aged 16 or over are required to pay Tax. Self employed people pay Class 2 contributions, but that is a whole different ball game. Employees are entitled to 拢96.96 of free pay per week, ie no tax payable. Anything above that is taxed about 20%, but varies dependant on your tax code. Source(s): Grant (G) Leech; Business & Recruitment Consultant Anyone in paid employment they should pay regardless of being students or under 18's Anyone who earns more than 拢97 per week has to pay NI at a rate of 11% (that 11% over the 拢97 freshhold). It depends how much you earn, if you are in a pension scheme and how often you are paid. If you are paid over the limit in a pay period you pay national insurance. It is not an annual payment as income tax is. You pay national insurance if you earn enough once you are 16 I think. 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. no one Everyone who is over the age of 16 doing some sort of paid employment pays NI or tax. The tax office will work how much you have to pay. |
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