We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Help regarding NIC, please!

euglycaemia
euglycaemia Posts: 595 Forumite
in Benefits & tax credits
I greatly appreciate your help and advice, as I am not whom I should approach.
I have been in this country for nearly 8 years [working for NHS] and have contributed NI since the day 1. I am planning to leave this country in the next 6 month or so time...

I was told by someone that I can reclaim the NI contribution?

Is it correct? What are plus and minus aspect with this?

Please help.........

Comments

  • euglycaemia
    euglycaemia Posts: 595 Forumite
    euglycaemia wrote: »
    I greatly appreciate your help and advice, as I am not whom I should approach.
    I have been in this country for nearly 8 years [working for NHS] and have contributed NI since the day 1. I am planning to leave this country in the next 6 month or so time...

    I was told by someone that I can reclaim the NI contribution?

    Is it correct? What are plus and minus aspect with this?

    Please help.........

    Same question with the pension scheme as well!

    Is it better cancelling the pension scheme [but was told you wont get refund for more than last 2 years??]
    or is there anyway this can be takenover to future employment![I doubt it myself with the system followed at my future employment]

    Many thanks in advance!
  • stazi
    stazi Posts: 1,295 Forumite
    The person who told you that you can reclaim the NI contribution is wrong. You cannot reclaim any NIC as it has been correctly deducted based on your earnings.
    Depending on when you leave the UK, you may be able to apply to HMRC to see if you can claim a tax refund for the tax year in which you leave.
  • euglycaemia
    euglycaemia Posts: 595 Forumite
    stazi wrote: »
    The person who told you that you can reclaim the NI contribution is wrong. You cannot reclaim any NIC as it has been correctly deducted based on your earnings.
    Depending on when you leave the UK, you may be able to apply to HMRC to see if you can claim a tax refund for the tax year in which you leave.

    Much appreciate your reply

    What about pension scheme?
  • dmg24
    dmg24 Posts: 33,920 Forumite
    10,000 Posts
    euglycaemia wrote: »
    Much appreciate your reply

    What about pension scheme?

    Personal pension? Company pension? It will depend on the individual scheme, you will need to contact the scheme administrators.
    Gone ... or have I?
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 352.2K Banking & Borrowing
  • 253.6K Reduce Debt & Boost Income
  • 454.3K Spending & Discounts
  • 245.2K Work, Benefits & Business
  • 600.9K Mortgages, Homes & Bills
  • 177.5K Life & Family
  • 259K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture