How much tax ni should i pay

Employers must withhold salaries tax and national insurance contributions from all income components paid to employees and remit them to the Tax and Customs Administration. Income components include salary, holiday allowance, overtime pay, end-of-year bonus and benefits in kind e. The work-related costs scheme allows employers to provide some benefits tax free, such as travel allowances, study costs, lunches and Christmas hampers.

Employers may provide such items tax free only if their total value is less than 1. If their total value exceeds 1. This tells you your take-home pay if you do not have any other deductions, such as pension contributions or student loans.

Start now on the HMRC website. To help us improve GOV. It will take only 2 minutes to fill in. Cookies on GOV. You can understand more and change your cookies preferences here. Your National Insurance contributions depend on your employment status and how much you earn. Not everybody has to pay National Insurance, but contributions count towards your state pension and other benefits.

If you have an employer, you'll pay Class 1 National Insurance contributions. This also includes if you're self-employed but work for an employer - it's your employer's job to pay your National Insurance through your payslips, as well as their own employer contributions of In September , the government announced plans to introduce a health and social care levy of 1. See our news story for the full details. It's worth finding out if you're exempt from paying National Insurance.

If you don't have to pay National Insurance you might be eligible for National Insurance credits, or you can choose to make voluntary contributions. National Insurance is calculated on gross earnings before tax or pension deductions above an 'earnings threshold'. If you earn less than this, you won't pay National Insurance contributions. If you earn less than this amount you'll pay no National Insurance contributions. Use our National Insurance calculator for to discover how much you'll pay this year in , as well as next year in You can also see what you would owe for previous years, based on your income - simply select the tax year you want to see from the dropdown menu.

The figures shown indicate what you'd owe on an annual basis, and assume you've worked for the full tax year. National Insurance also has a wide range of different allowances for different types of workers, though most should be covered by this calculator's assumptions.

To find more on this, visit the Inland Revenue website. How much are you paid? What is WorkSmart?