Originally posted by ChevyChase
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Less 13.8% Employers NI
less 0.5% Apprentice payments (unavoidable if payroll is bigger than £1.5m from memory)
less 12% holiday pay (retained and paid to your as you take you 20 days of holiday and 8 days of bank holidays)
which comes to about £120 and takes you to £380
As for whether you should be paying the Employers NI - the law says you shouldn't be paying it and it seems that you aren't - as the newly offered rate is lower to reflect the fact the company is paying it.
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