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UK Taxation -NIC

This topic has 2 replies, 3 voices, and was last updated 11 years ago by Tax Tutor.

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April 26, 2011 at 12:03 pm #48230
olgaz
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I have question concerning NIC. If a person receives very big salary, his NIC rate will stay the same, or there is such maximum NIC amount transferred, so when reached that level no need to pay NIC more in the currecnt tax year?
I am asking that because in my country we have such level..
April 27, 2011 at 6:04 am #81213
ansi
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@olgaz,

try to check FA with updates for 10/11 to clarify this for yourself.
However, it looks like there is no upper limit.
Employee will need to pay 11% on
£(43,875 – 5,715) = £38,160

and additional 1% for the excess.
May 19, 2011 at 4:36 pm #81214
Tax Tutor
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Ansi is correct
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