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You do know employer and employee both pay NI, so total NI is around 24%
by smiler 15y ago
You do know employer and employee both pay NI, so total NI is around 24%
- rossriley 15y agoThe employer contribution is only around 1%.
- smiler 15y agoWhere on earth do you get this idea? Please see this link http://www.hmrc.gov.uk/paye/rates-thresholds.htm http://www.hmrc.gov.uk/paye/rates-thresholds.htm It is 13.8% for employers!
- mjwalshe 15y agoso its not coming out of my pay and companies don't have the expense of running their own health systems and they dont need to employ extra HR people to administer them. It also means that startups don't have to compete against big companies that can afford health benefits which act to lock employees into big companies