NationalInsurance: The National Insurance class

In ianksalter/uktax: Functions for Calculating UK Tax and Benefits for Economic Analysis

Description

The class captures the notion of UK national insurance UK National insurance is a variable rate tax for both employees and employers however because of the withdrawal of the personal allowance after 100000 UK income tax is not though it could be modeled as a variable rate tax.

Usage

NationalInsurance

Arguments

employeeThreshold	A vector of thresholds for the employee
employeeRate	The rates applied between the corresponding threshold and the next threshold
employerThreshold	A vector of thresholds for the employee
employerRate	The rates applied between the corresponding threshold and the next threshold
income	The initial income of the person.
income	The initial income of the person.

Format

An object of class R6ClassGenerator of length 24.

Fields

employee

The variable rate tax structure for employee contributions.

employer

The variable rate tax structure for employee contributions.

Examples

Income Tax
The initialize method

Constructs UK national insurance

ianksalter/uktax documentation built on March 19, 2020, 5:45 a.m.