{"id":2654,"date":"2020-04-08T08:51:03","date_gmt":"2020-04-08T08:51:03","guid":{"rendered":"http:\/\/www.nannyjob.co.uk\/blog\/?p=2654"},"modified":"2020-04-08T08:51:03","modified_gmt":"2020-04-08T08:51:03","slug":"2020-21-ni-changes","status":"publish","type":"post","link":"https:\/\/www.nannyjob.co.uk\/blog\/2020-21-ni-changes\/","title":{"rendered":"2020-21 NI changes"},"content":{"rendered":"

As an employer you will need to pay HMRC employee and employer Class 1 National Insurance based on nanny\u2019s wage.<\/p>\n

Employee national insurance is deducted from nanny\u2019s gross salary, whereas employer\u2019s National Insurance is an additional cost on top of nanny\u2019s gross salary paid by the employer.<\/p>\n

National Insurance is all based on the rates as below as per 6th<\/sup> April 2020:<\/p>\n

 <\/p>\n\n\n\n\n\n\n\n
Weekly Gross Wage<\/td>\nMonthly Gross Wage<\/td>\nNational Insurance Paid<\/td>\n <\/td>\n<\/tr>\n
\u00a3120.00<\/td>\n\u00a3520.00<\/td>\n0%<\/td>\nlower earnings limit and employee not entitled to state\u00a0\u00a0 pension and as long as not working elsewhere does not need to be submitted to HMRC<\/td>\n<\/tr>\n
\u00a3120-\u00a3183<\/td>\n\u00a3520-\u00a3792<\/td>\n0%<\/td>\nlower earnings limit and NI threshold and needs to be submitted to HMRC as employee then qualifies for statutory payments<\/td>\n<\/tr>\n
\u00a3169-\u00a3962.00<\/td>\n\u00a3732-\u00a34,167<\/td>\n12% employee pays 13.8% employer pays<\/td>\n<\/td>\n<\/tr>\n
Above \u00a3962.00<\/td>\nAbove \u00a34,1687<\/td>\n2% employee pays 13.8% employer pays<\/td>\n <\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/p>\n

 <\/p>\n

You pay this quarterly to HMRC along with nanny\u2019s tax and student loan if applicable. If your PAYE bill is over \u00a31,500 a month, you will have to pay your PAYE monthly to HMRC.<\/p>\n

If nanny has more than one job, it is cost efficient to register separately as employers as each family will then get the benefit of the above exemption of national insurance.<\/p>\n

\"\"<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

As an employer you will need to pay HMRC employee and employer Class 1 National Insurance based on nannys wage. Employee national insurance is deducted from nannys gross salary, whereas employers National Insurance is an additional cost on top of nannys gross salary paid by the employer. National Insurance is all based on the rates … Continue reading “2020-21 NI changes”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5,10,12,16,19,20],"tags":[153,299,375,378,384],"class_list":["post-2654","post","type-post","status-publish","format-standard","hentry","category-childcare","category-guest-blogs","category-hmrc","category-nannies","category-parents","category-payroll","tag-employer","tag-nanny","tag-parenting","tag-parents","tag-payroll"],"_links":{"self":[{"href":"https:\/\/www.nannyjob.co.uk\/blog\/wp-json\/wp\/v2\/posts\/2654","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.nannyjob.co.uk\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.nannyjob.co.uk\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.nannyjob.co.uk\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.nannyjob.co.uk\/blog\/wp-json\/wp\/v2\/comments?post=2654"}],"version-history":[{"count":0,"href":"https:\/\/www.nannyjob.co.uk\/blog\/wp-json\/wp\/v2\/posts\/2654\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.nannyjob.co.uk\/blog\/wp-json\/wp\/v2\/media?parent=2654"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.nannyjob.co.uk\/blog\/wp-json\/wp\/v2\/categories?post=2654"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.nannyjob.co.uk\/blog\/wp-json\/wp\/v2\/tags?post=2654"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}