New Posts For Thread: National Insurance Questionhttps://community.betfair.com/chit_chat/go/thread/view/94038/31525825/national-insurance-questionEmployed as PAYE20% Tax bracket.Company pay a productivity bonus.The bonus will be taxable but also will national insurance be taken?I hope he put the bonus on Tottenham. Nailed on so I hearhttps://community.betfair.com/chit_chat/go/thread/view/94038/31525825/national-insurance-question?post_id=557115063#557115063I hope he put the bonus on Tottenham. Nailed on so I hearSat, 04 May 2019 08:31:52 -0500For that level of detail, I'd need to put my consultancy hat on and fees would be applicable Could always take a payment in kind, such as a juicy wedge behind the bar courtesy of an understanding employer.Joking aside, we have incomplete information,https://community.betfair.com/chit_chat/go/thread/view/94038/31525825/national-insurance-question?post_id=557115055#557115055For that level of detail, I'd need to put my consultancy hat on and fees would be applicable Could always take a payment in kind, such as a juicy wedge behind the bar courtesy of an understanding employer.Joking aside, we have incomplete information,Sat, 04 May 2019 08:30:03 -0500Yea angoose but as he's in 20% band then most or all of it is likely to be under 962. Depends on if he's on like 43k or 23k of course, and size of bonus of course.Other option is if he's enough cash and company has pension, chuck it that way and savehttps://community.betfair.com/chit_chat/go/thread/view/94038/31525825/national-insurance-question?post_id=557115031#557115031Yea angoose but as he's in 20% band then most or all of it is likely to be under 962. Depends on if he's on like 43k or 23k of course, and size of bonus of course.Other option is if he's enough cash and company has pension, chuck it that way and saveSat, 04 May 2019 08:26:18 -0500Unlike income tax, NI is not calculated on a cumulative basis, it is calculated solely based on your earnings for the pay period under consideration.https://community.betfair.com/chit_chat/go/thread/view/94038/31525825/national-insurance-question?post_id=557114941#557114941Unlike income tax, NI is not calculated on a cumulative basis, it is calculated solely based on your earnings for the pay period under consideration.Sat, 04 May 2019 08:17:43 -0500The income will be included in gross pay to be considered for NI contributions.There is an upper limit, above which, the employee pays NI contributions at a lower rate for the pay period in question.For Class 1 NI, employees pay 12% NI for weekly earhttps://community.betfair.com/chit_chat/go/thread/view/94038/31525825/national-insurance-question?post_id=557114921#557114921The income will be included in gross pay to be considered for NI contributions.There is an upper limit, above which, the employee pays NI contributions at a lower rate for the pay period in question.For Class 1 NI, employees pay 12% NI for weekly earSat, 04 May 2019 08:14:51 -0500Bonuses are taxed as income so should be subject to NIhttps://community.betfair.com/chit_chat/go/thread/view/94038/31525825/national-insurance-question?post_id=557113781#557113781Bonuses are taxed as income so should be subject to NISat, 04 May 2019 04:26:25 -0500Employed as PAYE20% Tax bracket.Company pay a productivity bonus.The bonus will be taxable but also will national insurance be taken?https://community.betfair.com/chit_chat/go/thread/view/94038/31525825/national-insurance-question?post_id=557113753#557113753Employed as PAYE20% Tax bracket.Company pay a productivity bonus.The bonus will be taxable but also will national insurance be taken?Sat, 04 May 2019 04:21:02 -0500