Salary threshold with no PAYE/NI

[NorthWestPerm2Contr]

I have just gone onto:

The Salary Calculator - Take-Home tax calculator

The salary we can now take home without paying NI or declaring PAYE seems to have jumped up from 5615 to 7225

Is that right?

If so then cool

[Clare@InTouch]

You'll pay a small amount of Employer's NI on that though.

The limit to pay no PAYE at all is lower at £7,072.

[NorthWestPerm2Contr]

You'll pay a small amount of Employer's NI on that though.

The limit to pay no PAYE at all is lower at £7,072.

Thanks for that. I think I will take my first salary of tha tax year just now.

[malvolio]

I have just gone onto:

The Salary Calculator - Take-Home tax calculator

The salary we can now take home without paying NI or declaring PAYE seems to have jumped up from 5615 to 7225

Is that right?

If so then cool

Did you not listen to the budget then?

[NorthWestPerm2Contr]

Did you not listen to the budget then?

Why would I want to listen to bad news?

[Sockpuppet]

I have just gone onto:

The Salary Calculator - Take-Home tax calculator

The salary we can now take home without paying NI or declaring PAYE seems to have jumped up from 5615 to 7225

Is that right?

If so then cool

Bear in mind you want to pay some NI (i.e. £1) to make sure your pension subs are still paid.

[MrRobin]

Bear in mind you want to pay some NI (i.e. £1) to make sure your pension subs are still paid.

I didn't think that was applicable anymore...

[Clare@InTouch]

I didn't think that was applicable anymore...

It's not, you just have to pay above the lower earnings limit of £102 per week - £5,304.

National insurance ? contributions and benefits

[NorthWestPerm2Contr]

It's not, you just have to pay above the lower earnings limit of £102 per week - £5,304.

National insurance ? contributions and benefits

I thought he was referring to the fact we would all be dead by the time our pensions from the goverment kicked in.

[northernladuk]

Why would I want to listen to bad news?

Because it directly affects not only your personal income and the your business affairs, remember, the business you are a director of now and have responsibilities.

I wouldn't call a raise of 5p a mile on mileage bad news amonst other things.