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pioneer5220 wrote:They say that I am a service provider and contractor although they pay my salary monthly through the bank but refuses to take out the NIS and pay it.
I am on a 1 year contract presently. I work on a computer at the company everyday my position is marketing and tech support
I went into NIS office they said I can't pay it myself because I am working at the company, I spoke to my manager and he said that NIS has no clue what they are talking about and that I can pay it myself
WTF to do
NIBTT wrote:Every employer is required to apply for registration of employees within fourteen days of employment, failing which he is liable on summary conviction to a fine of five thousand ($5,000.00) dollars.
Every employer and employed person who earns in excess of $200.00 per week and every apprentice (paid or unpaid) shall be registered for the purposes of the system of National Insurance, including a woman employed by her husband. The contract of employment maybe written, oral, expressed or implied.
Payment of contributions is shared partly between the employer and the employee in a 2:1 ratio. The employer is statutorily obligated to deduct the employee's contribution no later than on the date of payment of salaries/wages.
Dizzy28 wrote:
Do you have any paperwork?
Initial contract?
What do you do monthly? - submit an invoice to be paid or is a fixed sum deposited in your account?
Dave wrote:You provide an invoice as a supplier. No deductions would be removed from your pay.
Redman wrote:Form your own company NOW.
Start treating yourself as a business.....They hire your co...your co hires you...you handle your own stat payments...
The Net result is that you would probably net more after the pass through of revenue - and also be able to scale up...
Your employer is doing it the smart way.
At the end of a year you personally can still add the work to your resume and your Co has also spent a year supplying services.
pioneer5220 wrote:Sooo NIS says I still cannot pay my own NIS and that the company has to pay it.
I speak to the company management and they said they won't do it. WTF
So then I must take out a private pension plan with guardian life or something for when I get old?
Dizzy28 wrote:pioneer5220 wrote:Sooo NIS says I still cannot pay my own NIS and that the company has to pay it.
I speak to the company management and they said they won't do it. WTF
So then I must take out a private pension plan with guardian life or something for when I get old?
You should still have a personal pension plan once you can. There is no telling what the cost of retirement will be when you reach that age but $3,500/month probably would not be sufficient.
Edit - Now realize you say you are 40. How much contributions do you have with NIS?
Dave wrote:To qualify for a NIS pension you would have had to make 750 contributions or just under 14.5 years of continued work with NIS contributions being deducted and remitted.
And yes you should not only bank on a NIS pension alone for retirement. Get an annuity or a UTC retirement plan.
Dave wrote:You can contribute as much as you wish on a monthly basis. The more you contribute the more you get at maturity. If you don't pay for a few months then the lump sum you get would be less than what was projected when you first took it out again based in x amt on a mthly basis.
wtf wrote:You cannot pay your own NIS unless you own a LLC company and you are a director in said company receiving a salary as a worker.
The reason this company classifying you as service provider is that they ain't want to pay your NIS and basically ripping you off.
You should lawyer up.
At least they not taking out NIS payments and keeping it for themselves.
Once he is earning greater than $200 per week from an employer he is entitled to have his nis paid by said employer.Phone Surgeon wrote:wtf wrote:You cannot pay your own NIS unless you own a LLC company and you are a director in said company receiving a salary as a worker.
The reason this company classifying you as service provider is that they ain't want to pay your NIS and basically ripping you off.
You should lawyer up.
At least they not taking out NIS payments and keeping it for themselves.
they not ripping him off though
hes a service provider with set hours and not an employee really
Dizzy28 wrote:The pharmacy one giving trouble than yours though given your contract and work duties . You are not supposed to use the contract system to bypass relevant statutory requirements.
How does a cashier end up as contracted invoiceable work?
Phone Surgeon wrote:wtf wrote:You cannot pay your own NIS unless you own a LLC company and you are a director in said company receiving a salary as a worker.
The reason this company classifying you as service provider is that they ain't want to pay your NIS and basically ripping you off.
You should lawyer up.
At least they not taking out NIS payments and keeping it for themselves.
they not ripping him off though
he's a service provider with set hours and not an employee really
Phone Surgeon wrote:pioneer just be careful with however you decide to treat this issue in these hard times.
good luck
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