National Insurance

mlbarrett

Am I correct in thinking that like council tax, students don't need to pay NI until they leave uni?
I did 2 weeks of intensive work in July to earn some cash instead of taking a holiday. For the first time in my earnings, over £100 has been taken out of my wages for NI. Can anyone tell my why?

Michelle

ctraub0888

Hi

I am a student just left school and starting at Leeds uni next week. If you earn over the threshold then you have to pay NI. I think it is set at £94 per week. During the summer i have earnt over this and NI has been taken from my wages. Please someone correct me if i am wrong but i belive that this is correct.

melancholly

i think you have to pay it.
here's a sheet from the NUS on all things tax and NI - it's actually pretty useful!
http://resource.nusonline.co.uk/media/resource/Information%20Sheet%2018.pdf#search=%22students%20national%20insurance%22

grade15

really, anything to do with tax and NI.. it doesn't matter if ur a student or not..damn government!!!!

here are some links for u to read..

http://www.hmrc.gov.uk/students/work_hols_while_student_8_1.htm

http://www.hmrc.gov.uk/students/tma-working-while-being-a-student.shtml

NOTE: ctraub0888 : Leeds univ is a great univ!!! :dance:

mlbarrett

Guess I better get used to extra amounts leaving my wages :rolleyes:

Michelle

jacobdenison

If you're a student and work a certain number of hours a week then NI has to paid, it's not much. Because you had a job over the summer you will have earned above the amount, you cannot claim it back. Income tax on the other hand can be claimed back if you haven't earned over £4895 in the tax year (does take some time to get it back though).

Savvy_Sue

jacobdenison wrote:

If you're a student and work a certain number of hours a week then NI has to paid, it's not much. Because you had a job over the summer you will have earned above the amount, you cannot claim it back. Income tax on the other hand can be claimed back if you haven't earned over £4895 in the tax year (does take some time to get it back though).

From the HMRC website:

"If you are under the age of 65 your personal allowance for the 2006-07 tax year is £5,035."

But you're right (as are others) about the NI - there isn't a yearly limit, it is assessed monthly or weekly depending on how regularly you're paid.

And grade15 is right too, being a student doesn't get you out of paying tax or NI if you're liable to do so! Good preparation for post-student life, if you ask me ...

CIS

NI is generally assessed on a weekly basis, if you earn over £97 a week, you need to pay it - theres no student exemption, nor are you credited with it (except under the normal rules that apply to everyone)