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