employment and national insurance learning objective to understand the maths involved in employment,...
Post on 17-Jan-2016
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Employment and National Insurance
LEARNING OBJECTIVE
To understand the Maths involved in employment, tax and National insurance.
Age range Minimum wage per hour
Apprentice rate £2.73
16 – 17 £3.79
18 – 21 £5.13
22+ £6.50
The minimum wage
Income tax
Rate Annual Income
0% Personal Allowance £10,000
20% £10,000 – £40,000
40% £40,000 – £150,000
45% £150,000+
Useful linksExploring how and why we pay tax.
http://taxmatters.hmrc.gov.uk
A series of games about using money.
http://www.pfeg.org/fortunity-mini-games
Money and tax.
https://www.gov.uk/browse/tax
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