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HMRC internal manual

National Insurance Manual

From
HM Revenue & Customs
Updated
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Class 1: calculating & recording earnings, NICs & NIC rebates: rates, limits, thresholds, rebates and P11 completion: 2000/2001 completion of form P11, examples - contracted-out money purchase (comp) scheme

In the examples below, the weekly limits and thresholds have been used. These are:

Lower Earnings Limit £67.00
   
Employee’s Earnings Threshold £76.00
Employer’s Earnings Threshold £84.00
Upper Earnings Limit £535.00
   
Weekly earnings of £74.00        
         
         
Employee NICs due = NIL
 
Employer NICs due = NIL
 
NIC rebate due = £0.11 (£74.00 - £67.00 = £7.00 x 1.6%)
 
 
    = £0.04 (£74.00 - £67.00 = £7.00 x 0.6%)
     
     
Total NIC rebate due = £0.15
 
 
               
               
P11              
Col 1a Col 1b Col 1c Col 1d Col 1e Col 1f Col 1g Col 1h
£67 £7         £0.11 £0.04
               
Weekly Earnings of £100.00        
         
         
Employee NICs due = £2.02 (£100.00 - £76.00 = £24.00 x 8.4%)        
Employer NICs due = £1.86 (£100.00 - £84.00 = £16.00 x 11.6%)        
         
NIC rebate due = £0.14 (£76.00 - £67.00 = £9.00 x 1.6%)
 
 
    = £0.10 (£84.00 - £67.00 = £17.00 x 0.6%)
     
     
Total NICs due = £3.88        
         
Total NIC rebate due = £0.24        
         
                 
                 
P11                
Col 1a Col 1b Col 1c Col 1d Col 1e Col 1f Col 1g Col 1h  
£67 £9 £8 £16 £3.88 £2.02 £0.14 £0.10