How much NIC should i have paid(if any)

davidm1

From Apr 2010 - Nov 2010 - £776 JSA
Nov 2010 - Apr 2011 - £4358 - Tax £344.40(Refunded) - NIC £225.33

P60
NIC table A - 2037 - 273 - 2048 - 0 - £225.33

(from left to right on P60 table)



how much NIC should i be really paying as i was on BR tax code all year.

Many Thanks

chrisbur

davidm1 wrote: »

From Apr 2010 - Nov 2010 - £776 JSA
Nov 2010 - Apr 2011 - £4358 - Tax £344.40(Refunded) - NIC £225.33

P60
NIC table A - 2037 - 273 - 2048 - 0 - £225.33

(from left to right on P60 table)



how much NIC should i be really paying as i was on BR tax code all year.

Many Thanks

NI and tax are worked out seperately and by different methods, so the BR code refers only to your tax and has nothing to do with NI.

NI is worked out on each pay period and has no yearly calculation as tax does. The P60 figures you quote suggest that you had 21 weekly payments when NI was paid, the 2037 is the total of the lower earnings limit and the 273 is the total of the lower earnings limit to the earnings threshold, both of these figures have no NI due on them. The 2048 is the figure that NI is due on which assuming it was evenly spread over the 21 weeks gives 97.52 a week which at 11% Ni gives 10.73 a week *21 = £225.33.
So NI looks to be spot on.