fin_NI: Compute NI given annual Earnings.

View source: R/misc_and_utility.R

fin_NIR Documentation

Compute NI given annual Earnings.

Description

Employees pay contributions at 12%% on annual earnings between £9,568 and £50,270. Above that you pay at 2%%. Employers pay at 13.8%% on all annual earnings of more than £8,840, although there are different thresholds for those under the age of 21 and for apprentices under the age of 25.

Usage

fin_NI(annualEarnings, symbol = "£")

Arguments

annualEarnings

Employee annual earnings.

symbol

Currency symbol to embed in the result.

Value

  • NI

References

See Also

  • fin_interest(), fin_percent(), fin_valuation()

Other Miscellaneous Functions: deg2rad(), fin_interest(), fin_percent(), fin_valuation(), loadings.MxModel(), rad2deg(), umxBrownie()

Examples

fin_NI(42e3)
fin_NI(142000)


umx documentation built on Sept. 21, 2022, 9:07 a.m.

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