Taxation

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 2013 using a tax code of 810L.
For example, if you are paying your nanny £200 cash, it means you have actually paid her £222 gross and have to account to HM Revenue & Customs for the £13 tax and £9 employee National Insurance (NIC) deducted from gross pay. In addition you also have to account for the Employers National Insurance of £11. The total cost is therefore £233 to the employer of which the nanny receives £200 and Inland Revenue receives £33
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: 
nannyjob payroll 08454 660 258
If you need help with calculating the taxes for your nanny, give us a call!
|
Net Pay |
P.A.Y.E. Tax |
Employee NIC |
Gross Pay |
Employer NIC |
Total Cost |
Payable to Revenue & Customs |
|
£100 |
£0 |
£0 |
£100 |
£0 |
£100 |
£0 |
|
£110 |
£0 |
£0 |
£110 |
£0 |
£110 |
£0 |
|
£120 |
£0 |
£0 |
£120 |
£0 |
£120 |
£0 |
|
£130 |
£0 |
£0 |
£130 |
£0 |
£130 |
£0 |
|
£140 |
£0 |
£0 |
£140 |
£0 |
£140 |
£0 |
|
£150 |
£0 |
£1 |
£151 |
£1 |
£152 |
£2 |
|
£160 |
£1 |
£2 |
£163 |
£3 |
£166 |
£6 |
|
£170 |
£4 |
£4 |
£178 |
£5 |
£183 |
£13 |
|
£180 |
£7 |
£6 |
£193 |
£7 |
£200 |
£20 |
|
£190 |
£10 |
£7 |
£207 |
£9 |
£216 |
£26 |
|
£200 |
£13 |
£9 |
£222 |
£11 |
£233 |
£33 |
|
£210 |
£16 |
£11 |
£237 |
£13 |
£250 |
£40 |
|
£220 |
£19 |
£13 |
£252 |
£15 |
£257 |
£47 |
|
£230 |
£22 |
£14 |
£266 |
£17 |
£283 |
£53 |
|
£240 |
£25 |
£16 |
£281 |
£19 |
£300 |
£60 |
|
£250 |
£28 |
£18 |
£296 |
£21 |
£317 |
£67 |
|
£260 |
£31 |
£20 |
£311 |
£23 |
£334 |
£74 |
|
£270 |
£34 |
£22 |
£326 |
£25 |
£351 |
£81 |
|
£280 |
£37 |
£23 |
£340 |
£27 |
£367 |
£87 |
|
£290 |
£40 |
£25 |
£355 |
£29 |
£384 |
£94 |
|
£300 |
£43 |
£27 |
£370 |
£31 |
£401 |
£101 |
|
£310 |
£46 |
£29 |
£385 |
£33 |
£418 |
£108 |
|
£320 |
£48 |
£30 |
£398 |
£35 |
£433 |
£113 |
|
£330 |
£51 |
£32 |
£413 |
£37 |
£450 |
£120 |
|
£340 |
£54 |
£34 |
£428 |
£39 |
£467 |
£127 |
|
£350 |
£57 |
£36 |
£443 |
£41 |
£484 |
£134 |
|
£360 |
£60 |
£37 |
£457 |
£43 |
£500 |
£140 |
|
£370 |
£63 |
£39 |
£472 |
£45 |
£517 |
£147 |
|
£380 |
£66 |
£41 |
£487 |
£47 |
£534 |
£154 |
|
£390 |
£69 |
£43 |
£502 |
£49 |
£551 |
£161 |
|
£400 |
£72 |
£44 |
£516 |
£51 |
£567 |
£167 |
|
£410 |
£75 |
£46 |
£531 |
£53 |
£584 |
£175 |
|
£420 |
£78 |
£48 |
£546 |
£55 |
£601 |
£181 |
|
£430 |
£81 |
£50 |
£561 |
£57 |
£618 |
£188 |
|
£440 |
£84 |
£52 |
£576 |
£60 |
£636 |
£196 |
|
£450 |
£87 |
£53 |
£590 |
£62 |
£652 |
£202 |
|
£460 |
£90 |
£55 |
£605 |
£64 |
£669 |
£209 |
|
£470 |
£93 |
£57 |
£620 |
£66 |
£686 |
£216 |
|
£480 |
£96 |
£59 |
£635 |
£68 |
£703 |
£223 |
|
£490 |
£98 |
£60 |
£648 |
£70 |
£718 |
£228 |
|
£500 |
£101 |
£60 |
£663 |
£72 |
£735 |
£233 |
|
£510 |
£104 |
£64 |
£678 |
£74 |
£752 |
£242 |
|
£520 |
£107 |
£66 |
£693 |
£76 |
£769 |
£249 |
|
£530 |
£110 |
£67 |
£707 |
£78 |
£785 |
£255 |
|
£540 |
£113 |
£69 |
£722 |
£80 |
£802 |
£262 |
|
£550 |
£116 |
£71 |
£737 |
£82 |
£819 |
£269 |
nannyjob payroll 08454 660 258
If you need help with calculating the taxes for your nanny, give us a call!
