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dmcc · 20-12-2007, 10:05 PM

HMRC is getting rid of the 10% band from April 2008 and the basic rate will be 20%.

NIC's are another story though - essentially everyone pays 11% up to the higher earnings point, and above that you pay 1%. You can also make voluntary contributions (Class D) if you have a shortfall. If you call HMRC they'll tell you if you have a shortfall, as not having enough NIC's can affect your state pension entitlement.

20-12-2007, 10:05 PM	#23 (permalink)
dmcc 3rd-strongest gay on UKM, apparently... Join Date: Nov 2007 Location: SW London Posts: 3,040	Re: PAYE Tax & NI HMRC is getting rid of the 10% band from April 2008 and the basic rate will be 20%. NIC's are another story though - essentially everyone pays 11% up to the higher earnings point, and above that you pay 1%. You can also make voluntary contributions (Class D) if you have a shortfall. If you call HMRC they'll tell you if you have a shortfall, as not having enough NIC's can affect your state pension entitlement. __________________ My Journal Buy yourself something lovely at www.myprotein.co.uk and use discount code MP88145 while you're at it.