calculationg employers NI

System
System Posts: 100,534 🤖 Admin 🤖
edited June 18 in AAT student discussion
I am preparing salary budgets and have to introduce the employer's NI element. The easy way to do this would be to calculate it at 11% but this is not accurate as it doesnt take into account the lower earnings level.<BR><BR>Is there a basic equation that anyone knows of that I can introduce into my spreadsheet so that I can quickly work the figure out?

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  • System
    System Posts: 100,534 🤖 Admin 🤖
    calculationg employers NI

    (Salary - 4732) * 0.128 for contracted in or<BR>(Salary - 4732) * 0.128 - ((Salary - 4108) *.035) for contracted out

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