Family Guide to the National Insurance Scheme
1948 1948 1940s 32 pages : illustrations 18. How does Income Tax affect my Contributions and Benefits? CONTRIBUTIONS: You get an allowance from income tax for all the contributions you pay except the contributions for Industrial Injury Insurance. If tax is deducted from your pay under "Pay...
| Institution: | MCR - The Modern Records Centre, University of Warwick |
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| Language: | English English |
| Published: |
[London] : His Majesty's Stationery Office
[1948]
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| Subjects: | |
| Online Access: | http://hdl.handle.net/10796/866D7A01-8188-4390-98C6-FF25C7CC476E http://hdl.handle.net/10796/E514D798-869B-4E19-A501-B290BCED7F65 |
| Summary: | 1948
1948
1940s
32 pages : illustrations
18. How does Income Tax affect my Contributions and Benefits? CONTRIBUTIONS: You get an allowance from income tax for all the contributions you pay except the contributions for Industrial Injury Insurance. If tax is deducted from your pay under "Pay as You Earn", the Tax Tables will automatically give you the allowances from July 1948 and you need do nothing about it. In other cases the tax office will give you the allowance when they deal with your income tax. The employee's weekly rates of Industrial Injury Insurance Contributions are : men aged 18 and over, 4d.; under 18, 2 1/2d. ; women aged 18 and over, 3d.; under 18, 2d. The employer's contribution is in each case equal to the employee's. BENEFITS: The benefits you get (except Maternity Grant, Death Grant, and Industrial Injury Benefits) must be included in your income tax return. No tax will be deducted from any of the benefits or payments, but any taxable benefits you receive will have to be added to your other income when your income tax is worked out. All inquiries about taxation should be made to your Tax Office, not to your National Insurance Office. [Picture] ... some married women will be able to choose ... 14
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| Physical Description: | TEXT |