Quote:
Originally Posted by Danbro
Hi,
This will almost certainly be due to your wage being calculated using the Directors rules for National Insurance, these rules mean that your first £5435 for 08/09 are taxed at 0% immediately and not pro-rat'd over the year like normal employees, therefore until your total salary for 08/09 exceeds £5435 your national insurance will be nil, then after this your total pay will incur 11% e'ees NI and 12.8% e'ers NI
Thanks
Neil
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Thanks for that Neil.....
I would of doubled checked with the accountant but they are closed over the weekend.
Great news when you miss something and it actually lands more money in your lap
