What is Niable Pay?

Answer 1

Well, darling, "Niable Pay" doesn't ring a bell in my sassy brain. Maybe you meant "liable pay," which is when you're responsible for paying something, like taxes or bills. If "Niable Pay" is some new lingo the kids are using these days, well, color me clueless!

Answer 2

Oh, dude, "Niable Pay" isn't a thing. Maybe you meant "liable pay" or "negotiable pay"? Liable pay is when you're legally obligated to pay something, and negotiable pay is when you can haggle over how much you get. But Niable Pay? Nah, that's like saying you're getting paid in unicorn hugs or something.

Answer 3

Niable pay is as follows:

1. the employer's NI liability (which you do NOT deduct from the gross pay);
2. the employee's NI liability (which employers deduct from the gross pay)
3. the employee's tax liability (ditto)

So you add 2 and 3 together then deduct that from gross pay, hand the net result over to your employee with his payslip, and add 1, 2 and 3 together and send to HMRC. In simple terms ...

This is not much help I know, but is the best I can do, courtesy of Money Supermarket.

Viv Foster

PS The 'Ni' in 'niable' stands for National Insurance, and the word, therefore, is most eloquently spelled: 'NIable'

And no, I don't really get it either.

Answer 4

Niable pay is something that is often heard about in the UK. It is what national insurance is based on. So your Niable pay is what this national insurance would be based on. It can be a different amount than your taxable pay.