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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%).
Since salary constitutes wages at straight time for all hours worked, the employer owes an additional half-time for the hours in excess of 40 in a week. An example follows: Example: A non-exempt employee is paid a salary of $500 per week, and works 50 hours in a given week.Since the agreement is just that the employee will be paid a $500 salary, that sum would cover any number of hours worked. The regular rate for this week is the salary ($500) divided by the 50 hours worked, or $10.00.ince salary constitutes wages at straight time for all hours worked, the employer owes an additional half-time for the hours in excess of 40 in a week. An example follows: Example: A non-exempt employee is paid a salary of $500 per week, and works 50 hours in a given week.