overpaid NI

dboswell

Using google to find an online calculator, I think I have paid £160 too much NI in 2012/13 and £150 too much tax.

Using another calculator it says £160 too much NI but £4 underpaid tax.

Is there a reliable calculator out there to check it?

Whats the best way to go about reclaiming it?

nomunnofun

Can you post up some figures and I am sure we can point you in the right direction?

chrisbur

None of the calculators are very reliable as far as NI is concerned. To check this you will have to list all payments recieved during the year, a single anual figure may not give the correct answer.

nomunnofun

chrisbur wrote: »

None of the calculators are very reliable as far as NI is concerned. To check this you will have to list all payments recieved during the year, a single anual figure may not give the correct answer.

Absolutely. I am sure that you will agree that it is also more difficult to overpay NI given the non-cumulative nature of this 'tax' and the fact that everyone pays NIL, 10.4% or 12% resulting in less complications.

Unless, of course, the op pays more than one class of NIC.

cr1mson

You can't normally reclaim NI.

dboswell

nomunnofun wrote: »

Can you post up some figures and I am sure we can point you in the right direction?

thanks

gross 2012/13 - £14095.94
tax paid £1197.20
ni £943.68

code 810L

LittleVoice

cr1mson wrote: »

You can't normally reclaim NI.

Wow - even HMRC think you can reclaim overpaid NI.

See http://www.hmrc.gov.uk/ni/refunds-complaints/claimback.htm

Dazed_and_confused

dboswell wrote: »

thanks

gross 2012/13 - £14095.94
tax paid £1197.20
ni £943.68

code 810L

If you had no other taxable income and code 810L was correct for you (this was the "normal" code last year) then you would owe £0.80, which is usually ignored.

Either you've been using rubbish online calculators or have entered duff info - no idea where £150 or £4 you mentioned in your original post come from

notanewuser

LittleVoice wrote: »

Wow - even HMRC think you can reclaim overpaid NI.

See http://www.hmrc.gov.uk/ni/refunds-complaints/claimback.htm

You can reclaim anything above the maximum NI limit paid, which is something like £5k.

You can't reclaim anything below that amount.

cr1mson

I should have posted in more detail what I meant was that you can't claim overpayment in the same way as you can tax.

There is not an annual allowance but a weekly one so say for example you get paid extra money in one month that takes your weekly pay for that month over the threshold then you can't claim that back if over a year your average weekly pay is below the threshold.

notanewuser

cr1mson wrote: »

I should have posted in more detail what I meant was that you can't claim overpayment in the same way as you can tax.

There is not an annual limit but a weekly one so say for example you get paid extra money in one month that takes your weekly pay for that month over the threshold then you can't claim that back if over a year your average weekly pay is below the threshold.

There is an annual limit, because there is a level of income above which no NI is paid.