Illustration - employment
In this lesson, you'll learn how to calculate Class One National Insurance contributions for both employees and employers, and understand when the employment allowance applies to reduce or eliminate employer contributions.
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In this lesson
- 0:00 Calculating class one National Insurance
- 0:43 Employee National Insurance contributions
- 1:04 Employer National Insurance and allowances
- 1:29 Company car benefit National Insurance
About this lesson
Through Holly's bakery business example, you'll work through the calculation steps: determining taxable earnings by applying lower limits, adjusting for part-year employment, and applying the correct National Insurance rates. You'll also see how company car benefits trigger additional National Insurance liabilities for the employer. This is essential knowledge for the Taxation papers, where employment-related National Insurance calculations are a core exam requirement.
Duration: 2m
Transcript
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