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Guest
I have a small business and need some adice on Heath Contribution.
Health Contribution is payable on all income > €500 per week, working out at €26,000 per year.
An employee earned €680 per week up to week 37. He paid Health contribution on all his income as over the €500 threshold. Up to week 37 he had earned €25160 year to date.
From week 38 the employee went on 3 day week earning €408 per week.
1. Do I stop deducting Health Contribution for week 38 and 39 as the employee is earning less than €500 per week and cumulative income for the year to date is €25976 (25160 + 408 + 408)?
2. What happens from week 40 when the employee is still earning €408 per week? His income year to date is now €26384. If the Health Contribution is cumulative, he is over the yearly limit of €26000? Do I look at the weekly threshold and stop deducting HC or is HC cumulative and therefore should start deducting it again?
Any advice much appreciated
Health Contribution is payable on all income > €500 per week, working out at €26,000 per year.
An employee earned €680 per week up to week 37. He paid Health contribution on all his income as over the €500 threshold. Up to week 37 he had earned €25160 year to date.
From week 38 the employee went on 3 day week earning €408 per week.
1. Do I stop deducting Health Contribution for week 38 and 39 as the employee is earning less than €500 per week and cumulative income for the year to date is €25976 (25160 + 408 + 408)?
2. What happens from week 40 when the employee is still earning €408 per week? His income year to date is now €26384. If the Health Contribution is cumulative, he is over the yearly limit of €26000? Do I look at the weekly threshold and stop deducting HC or is HC cumulative and therefore should start deducting it again?
Any advice much appreciated