Bruges Group Blog

The typical employee's wage slip is something of a con. Here's how it works. For earnings between £12,570 and £50,270 p.a. there are deductions of income tax at 20%, employee NIC at 12% but an additional 13.8% NIC is paid by the employer. If someone on the average salary of c. £33,000 a year gets a raise of £1,000 the worker pays £320 in tax/NIC an...