
Taxation and HM Revenue & Customs
So how much does it cost to employ
someone once you have paid the Tax and National Insurance?
Here is a table to show what the total cost
of a nanny is once all the tax has been paid
The figures below have been calculated for
the tax year ending on 5 April 2008 using a tax code of 543L.
If you pay your nanny £130 cash, it means
you have paid her £141.21 and have to account to HM Revenue
& Customs for the £7.20 tax and £4.01 employee National
Insurance (NIC). In addition you also have to account for the Employers
National Insurance of £4.67. The total cost is therefore £145.88
to the employer of which the nanny receives £130 and Inland
Revenue receives £15.88
These figure should only be used
as a guide. We advise all employers to seek advice from Inland Revenue
or a professional tax advisor such as:
.
|
Net Pay |
Income Tax |
Employees NIC |
Gross Pay |
Employers NIC |
Actual Cost |
Payable to Revenue & Customs |
|
£100 |
£0.00 |
£0.00 |
£100.00 |
£0.00 |
£100.00 |
£0.00 |
|
£110 |
£1.40 |
£0.82 |
£112.22 |
£0.96 |
£113.18 |
£3.18 |
|
£120 |
£4.40 |
£2.36 |
£126.76 |
£2.75 |
£129.51 |
£9.51 |
|
£130 |
£7.20 |
£4.01 |
£141.21 |
£4.67 |
£145.88 |
£15.88 |
|
£140 |
£10.00 |
£5.55 |
£155.55 |
£6.46 |
£162.01 |
£22.01 |
|
£150 |
£13.00 |
£7.20 |
£170.20 |
£8.38 |
£178.58 |
£28.58 |
|
£160 |
£16.00 |
£8.74 |
£184.74 |
£10.18 |
£194.92 |
£34.92 |
|
£170 |
£18.80 |
£10.39 |
£199.19 |
£12.10 |
£211.29 |
£41.29 |
|
£180 |
£21.80 |
£11.93 |
£213.73 |
£13.89 |
£227.62 |
£47.62 |
|
£190 |
£24.60 |
£13.58 |
£228.18 |
£15.81 |
£243.99 |
£53.99 |
|
£200 |
£27.60 |
£15.12 |
£242.72 |
£17.60 |
£260.32 |
£60.32 |
|
£210 |
£30.40 |
£16.77 |
£257.17 |
£19.52 |
£276.69 |
£66.69 |
|
£220 |
£33.40 |
£18.31 |
£271.71 |
£21.31 |
£293.02 |
£73.02 |
|
£230 |
£36.20 |
£19.96 |
£286.16 |
£22.23 |
£309.39 |
£79.39 |
|
£240 |
£39.20 |
£21.50 |
£300.70 |
£25.02 |
£325.72 |
£85.72 |
|
£250 |
£42.00 |
£23.15 |
£315.15 |
£26.94 |
£342.09 |
£92.09 |
|
£260 |
£45.00 |
£24.69 |
£329.69 |
£28.74 |
£358.43 |
£98.43 |
|
£270 |
£47.80 |
£26.34 |
£344.14 |
£30.66 |
£374.80 |
£104.80 |
|
£280 |
£50.60 |
£27.88 |
£358.48 |
£32.45 |
£390.93 |
£110.93 |
|
£290 |
£53.60 |
£29.53 |
£373.13 |
£34.37 |
£407.50 |
£117.50 |
|
£300 |
£56.60 |
£31.07 |
£387.67 |
£36.16 |
£423.83 |
£123.83 |
|
£310 |
£59.40 |
£32.72 |
£402.12 |
£38.08 |
£44.020 |
£130.20 |
|
£320 |
£62.20 |
£34.26 |
£416.46 |
£39.87 |
£456.33 |
£136.33 |
|
£330 |
£65.20 |
£35.91 |
£431.11 |
£41.79 |
£472.90 |
£142.90 |
|
£340
|
£68.00 |
£37.45 |
£4545.45 |
£43.58 |
£489.03 |
£149.03 |
|
£350 |
£71.00 |
£39.10 |
£460.10 |
£45.50 |
£505.60 |
£155.60 |
|
£360
|
£74.00 |
£40.64 |
£474.64 |
£47.30 |
£521.94 |
£161.94 |
|
£370 |
£76.80 |
£42.29 |
£489.09 |
£49.22 |
£538.31 |
£168.31 |
|
£380
|
£79.60 |
£43.83 |
£503.43 |
£51.01 |
£554.44 |
£174.44 |
|
£390 |
£82.60 |
£45.48 |
£518.08 |
£52.93 |
£571.01 |
£181.01 |
|
£400 |
£85.40 |
£47.02 |
£532.42 |
£54.72 |
£587.14 |
£187.14 |
|
£410 |
£88.40 |
£48.67 |
£547.07 |
£56.64 |
£603.71 |
£193.71 |
|
£420 |
£91.20 |
£50.21 |
£561.41 |
£58.43 |
£619.84 |
£199.84 |
|
£430 |
£94.20 |
£51.86 |
£576.06 |
£60.35 |
£636.41 |
£206.41 |
|
£440 |
£97.00 |
£53.40 |
£590.40 |
£62.14 |
£652.54 |
£212.54 |
|
£450 |
£100.00 |
£55.05 |
£605.05 |
£64.06 |
£669.11 |
£219.11 |
|
£460 |
£102.80 |
£56.59 |
£619.39 |
£65.86 |
£685.25 |
£225.25 |
|
£470 |
£105.80 |
£58.24 |
£634.04 |
£67.78 |
£701.82 |
£231.82 |
|
£480 |
£108.60 |
£59.78 |
£648.38 |
£69.57 |
£717.95 |
£237.95 |
|
£490 |
£112.00 |
£61.43 |
£663.93 |
£71.49 |
£734.92 |
£244.92 |
|
£500
|
£115.00 |
£63.08 |
£678.08 |
£73.41 |
£751.49 |
£251.49 |

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