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Class 1: calculating & recording earnings, NICs & nic rebates: rates, limits, thresholds, rebates and P11 completion: 2003/04 completion of forms P11 (2003-04) & P14 (2003-04) example 3 - not contracted-out earnings of £89 a week
- Lower Earnings Limit (LEL): £77.00
- Earnings (ET): £89.00
- Upper Earnings Limit (UEL): £595.00
Weekly earnings of £89.00
Employee’s NICs due = NIL
Employer’s NICs due = NIL
Complete P11 as follows -
| 1a | 1b | 1c | 1d | 1e |
| £77 | £12 | |||
Assuming earnings are the same for 52 weeks, complete P14 as follows -
| 1a | 1b | 1c | 1d | 1e |
| £4004 | £624 | |||