* This is granted to
families. Given to one person who is financially responsible
for a child under 16 who lives with them. Normally a parent.
If one parent is a Higher Rate Taxpayer it goes to that person,
(and is reduced on a sliding scale).
** Only granted to
one person. For effective tax planning assume to be the
person with the highest income.
***National Insurance
is not payable by those under 16, or over 65 (men) or
60 (women). The details are complex, but most people who
do pay NI will fall into one of the categories listed,
and the purpose of this is to at least give a ballpark
idea of the total tax and NI liability that you face.
If you wish to find out if you are Contracted In or Out,
ask whoever prepares the wages, or your Personnel Department.
