July 2019 - Ronzl Accountant

20 Jul 19

HOW THE NATIONAL INSURANCE FOR EMPLOYEES IS CACULATED

Our accounting firm in the UK will calculate the amount of National Insurance you can expect to pay in a particular tax year. Read more: https://www.which.co.uk/money/tax/tax-calculators/national-insurance-calculator-aw6yt3g6vd0g – Which? NATIONAL INSURANCE FROM EMPLOYED EARNINGS. The national insurance paid by an employee is Uk are as follow: Class 1 national insurance: There are two types of Class […]

15 Jul 19

HOW DOES TAX CREDIT WORK IN UK?

The tax credit is a payment made to parents in the UK to support taking care of their children. These are only paid by revenue to qualifying parents in Uk. The tax credit can either be a child tax credit or working tax credit The amount paid to an individual depends on how much they […]

06 Jul 19

WHY IS IMPORTANT I HAVE NATIONAL INSURANCE CONTRIBUTIONS?

National Insurance in the UK. Contributing to National insurance is another form of tax paid by individuals earning income in the UK. National insurance is the second-largest source of income for the UK. Who pays National Insurance? Every individual that is between age 16 and state pension age. They must also be earning income over […]