Description

Employees pay contributions at 12%% on annual earnings between £9,568 and £50,270. Above that you pay at 2%%. Employers pay at 13.8%% on all annual earnings of more than £8,840, although there are different thresholds for those under the age of 21 and for apprentices under the age of 25.

Usage

Arguments

Value

• NI

References

• https://www.telegraph.co.uk/tax/tax-hacks/politicians-running-scared-long-overdue-national-insurance-overhaul/

See Also

• fin_interest()

Other Miscellaneous Functions: deg2rad(), fin_interest(), fin_percent(), fin_valuation(), loadings.MxModel(), rad2deg(), umxBrownie()

Examples