In the UK, what is the pecentages of rates and national insurance that comes out of your wages?
Answers:
It adjectives depends upon your income ,if it is smaller number than 5035 pounds next u don`t own to payment export tax as every individual is entitled to personal allowance.
The percentage are as follows:
For non abiding income
subsequent 2150 pounds 10%
subsequent 31150 pounds 22%
any above amount 40%
For NIC
CLASS 1 EMPLOYEE
1-5035 per year NIL%
5036-33540 per year 11%
33541 and above 1%
combined in the region of 24 %
24 %
to much its a big con
They scrap the rough rate of toll (25%) but they also scrap the starting rate (10%), so everyone pays 20% in a minute, unless you are mega rich within which defence it is 40%. Not sure what the current rates of NI are at the moment though.
NIC is 11%.
Income Tax is 10% on the first lb2000 or so, 22% on the subsequent lb30,000 or so and next 30% on the rest, after charge free allowances.
All rates are at www.hmrc.gov.uk