In the example below, the weekly limits and thresholds for 2003-2004 have been used. These are:
| £595.00 - £89.00 | = £506.00 |
| £600.00 - £595.00 | = £5.00 |
|
Employee’s NICs due = £506.00 x 11% | = £55.66 |
|
£5.00 x 1% | = £0.05 |
|
£55.66 + £0.05 | = £55.71 |
| £600.00 - £89.00 = £511.00 | |
| Employer’s NICs due = £511.00 x 12.8% | = £65.408, rounded to |
| £65.41 | |
| Total NICs due = £55.71 + £65.41 | = £121.12 |
Complete P11 as follows –
| 1a | 1b | 1c | 1d | 1e |
| £77 | £12 | £506 | £121.12 | £55.71 |
Assuming earnings are the same for 52 weeks, complete P14 as follows –
| 1a | 1b | 1c | 1d | 1e |
| £4004 | £624 | £26,312 | £6,298.24 | £2,896.92 |
