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| *Resource of HR>>>employment insurance |
Question about National Insurance in the UK? |
I am in full time employment, paying National Insurance out of my salary each month. I also do occasional freelance work, but have to pay class 2 National Insurance every week too because of this. Yes, I'm also registered to pay tax on this additional income, but I'm not sure yet whether the amount I earn will add up to more than 拢4465 in a year, so if it doesn't I'm hoping some system exists to refund the N.I. I have already paid...? Speak to the accountant at the firms you work at. Class two contributions are paid where a person is self employed and is 16 or over and under state pension age. Contributions are paid at a flat rate of 拢2-10 per week regardless of the amount earned. However, those with earnings less than 拢4,465 per year can apply for a small earnings exception, e.g. exemption from liability to pay class 2 contributions. You can claim exemption from Class 2, but you can't reclaim NICs you've already (mistakenly) paid. |
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