Online Calculators since 2009
The Employers National Insurance Contributions Calculator is configured to calculate National Insurance Contributions calculations for the 2019/20 tax year. This Employers NIC's Calculation is for an employee earning £ 235.00 per annum in 2019/20. Each National Insurance Contributions calculation provides a full breakdown of Employee and Employer NIC's, so that you have a true cost for an employee on an annual gross salary of £ 235.00. Staff costs are not just salaries, Employers National Insurance Contributions are applied in addition to an employee's salary and are payable each month. This is a generic Employer NIC's example, you can add specific Salary Sacrifice and pension amounts etc. using the 2019 Salary and Tax Calculator
National Insurance Contributions (NICs) in 2019 are payable by all individuals who:
National Insurance Contributions (NICs) are composed of two elements, the amount contributed by you, the employee and the amount contributed by your employer. This are referred to as:
National Insurance Contributions (NICs) are calculated using a combination of:
Based on the information provided (you can change the settings in the advanced calculator as required) we have calculated your National Insurance Contributions using:
Class 1 Employees earning more than £162.00 a week and under State Pension age - they're automatically deducted by your employer
Class 1A or 1B Employers pay these directly on their employee's expenses or benefits
|Yearly||Monthly||4 Weekly||2 Weekly||Weekly||Daily||Hourly||%1|
|Adjusted Gross Income2||232.65||19.39||17.90||8.95||4.47||0.92||0.13||99.00%|
|Tax Free Personal Allowance||12,500.00||1,041.67||961.54||480.77||240.38||49.41||6.87||5,319.15%|
|Company Pension: Employee||2.35||0.20||0.18||0.09||0.05||0.01||0.00||1.00%|
|Company Pension: Employer||2.35||0.20||0.18||0.09||0.05||0.01||0.00||1.00%|
|Total Pay Deductions||2.35||0.20||0.18||0.09||0.05||0.01||0.00||1.00%|
|Salary Package [Cost of Employee]||237.35||19.78||18.26||9.13||4.56||0.94||0.13||101.00%|
1 Percentage expressed in relation to Gross Income [£232.65].
2 Adjusted Gross Income allows for tax free deductions including Salary Sacrifice schemes.
The Employers National Insurance Contributions calculation includes a graphical overview detailing the percentage breakdown so you can view the breakdown of each staff overhead and see the true cost of maintaining your Permanent Employees.
The National Insurance calculator is updated for 2019/20 tax year and uses the 2019/20 tax thresholds and allowances as default to produce the National Insurance Calculation. Our suite of payroll calculators also provide PAYE, tax and graphical illustrations. You can view examples of the payroll calculations for an employee earning £ 235.00 below. .
If you have never really looked at your payslip or perhaps it's your first job and the first time you have looked at a payslip, it is worth spending a few minutes getting to know what the different deductions and payroll details are. Understanding your payslip and payroll deductions allows you to identify potential errors and know what to do when mistakes are made so you can claim back any overpaid tax. The guides below are easy to read and designed to provide a basic understanding of payslip and payroll deductions.
|What is Gross Pay?||What is Net Pay?|
|Employees National Insurance Contributions (NIC's)||Employers National Insurance Contributions (ENIC's)|
|What is PAYE (Pay As You Earn)?||Giving to Charity, what's in it for you?|
|State Pensions explained||Company Pensions explained|
|Tax Avoidance and Tax Evasion||What is my Tax Free Allowance?|
|How to pay less NIC's||Top 10 Tax Saving Tips|
A simple payslip example for an annual salary of £235.00. A quick tool that allows you to compare your own payslip. Select specific months to see how your future payslips will look including total earnings and deductions. Useful for understanding your total income and deductions for financial planning such as mortgage calculation or loan affordability etc.
Provides a periodic breakdown (Day, week, month etc.) of the calculated payroll deductions relevant to a £235.00 annual Salary. Includes links to supporting information which explains each tax and payroll deduction and what you can do to reduce the amount of PAYE tax and National Insurance you pay. Everyone who pays tax can reduce the amount of tax they pay but most don't take the few minutes needed that could save them £££'s. Don't be a fool, it's your money, make sure you get what you are entitled to, make 2019 the year that you get your finances in order.
We believe that tax and payroll calculations should be transparent. This tool provides the calculations and breakdown of results that are used to produce the PAYE, National Insurance, Pension, Dividend, Student Loan, Salary Sacrifice, etc. calculations used in our Tax, Payroll and Salary Calculators. If you don't understand how your wages are calculated and have no idea what goes on in the background behind your payslip, this is the perfect tool for building your understanding. We believe that it is important to understand how your tax is calculated so that, when the Chancellor of the Exchequer announces new Income Tax rates and changes to PAYE Tax Thresholds, you understand how that will affect your £235.00 Salary.
You never know where you are until you know where you have been. As we discussed in the £235.00 Tax and Payroll Deductions Calculations, understanding your salary and payroll deductions is essential. In this suite of salary calculations we review and compare historical tax deductions with a view to providing insight into how tax and payroll deductions have influenced the take home pay of a £235.00 annual salary. We also review each deduction and provide a table of the associated deductions and line and pie charts to illustrate the differences. The aim of these tools is to allow insight into the makeup and trend of salary against a fixed annual income of £235.00. We also reverse engineer the £235.00 salary to reflect inflation change over the year.
As an employer it is important to understand your holistic employment costs when taking on new staff or increasing / decreasing salaries. The employer payroll calculation for an employee on a £235.00 salary illustrates you Employer National Insurance Contributions (ENICs) and associated Pension costs to provide a cost of employment calculation. The employer payroll calculation also includes historical information so you can understand how employment costs have changed over the years as payroll taxes have been adjusted and new employer legislation introduction.
It's incredible how quickly the years pass but not as incredible as the sum of overpaid, unclaimed tax that sits within the treasury each year simply because individuals don't make the basic checks on their P60. It is wrong to assume that HMRC get your tax calculations right every year. Whilst electronic payslips (epayslips) have facilitated a more accurate and timely flow or financial information to and from HMRC mistakes are still made. Typical mistakes include the incorrect setup of salary sacrifice schemes, pension schemes and applying the wrong tax code. In addition to this you can also claim back the unclaimed tax relief on your donations. We brits are great at donating to worthy causes like Comic Relief, Sport Relief, Help for Heroes and other domestic charities but most never claim back their tax relief. For a basic rate tax payer that is £5 of tax relief for every £20 you donate. If you don't claim that back, the treasury keep it. So, don't wait for the end of the tax year, give yourself a quick finance MOT, our P60 section explains all you need to know and what to do to get your money back.
The Dividends calculator allow you to adjust the split of your £235.00 income by using a slider to alter the percentage split you take as salary or via a dividend. This tool allows you to understand which solution is best for your circumstances. The £235.00 Dividend calculator will automatically calculate Corporation Tax, Dividend Tax and all associated payroll deductions so you can make an informed decision on the most appropriate income stream. This is a great tool for contractors and company directors and popular with those who and looking at the benefits of setting up their own limited company rather than working as a sole trader or as an employee looking to start their own business.
With property prices constantly on the rise it can seem as though your will never save a large enough deposit to buy your dream home on an annual salary of £235.00 (you could borrow between £0.00 and £0.00). Our