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2. Â£7,956 is the maximum salary that can be paid without incurring a National Insurance liability for the employee or employer; however, the employee will still obtain a âcreditâ for the tax year for state pension and other benefits entitlement.owever, in summary although the director would be paying Employee National Insurance of Â£245.28 (Â£10,000 â Â£7,956 = Â£2,044 x 12%) for 2014/15, the company would save corporation tax of Â£408.80 (Â£10,000 â Â£7,956 = Â£2,044 x 20%).
Calculating National Insurance Contributions. Determine if you are an employee or self-employed for National Insurance purposes. For example, you are self-employed if you have no boss, run your own business and hire people at your own expense. You are an employee if you have a boss and are paid by the hour.If you are employed and make between 97 and 844 pounds a week, calculate 11 percent of your income. Add 1 percent for any amount over 844 pounds per week. This is your National Insurance contribution for the 2010-2010 tax year.If you earn less than 97 pounds per week, your contribution is zero.If you are a member of a pension plan at work, consult with your employer about possible reductions. National Insurance contributions are only payable by employed people between the ages of 16 and the national retirement age (currently 65 for men and 60 for women). 2  U.K. tax law is too complex to be fully covered in a brief article.