overpaid NI

cr1mson

notanewuser wrote: »

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

Meant allowance as in with tax i.e. an annual amount you can earn NI free.

CLAPTON

dboswell wrote: »

thanks

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

code 810L

your tax would be

(14095.94 - 8119) x 20% i.e. 5986.94 x 20% = 1197.39 although roundings make little differences in practice.

If your income was the same each month then the NI would be

(14095.94 - 7592) x 12% = about 780

so your NI seems rather high
however if your earnings are very variable with some weeks dropping below 146 then that may explain the difference

zygurat789

dboswell wrote: »

thanks

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

code 810L

TAX
14095.94-8109= 5986.94 X 20% = £1197.38
NI
£14095.94pa / 52 = £271.08pw - £146pw = £125.08pw X 12%= £15pw x 52 = £780pa
£14095.94pa / 12 = £1174.66pm - £634pm = £540.66pm X 12% = £64.88pm X 12 = £778.55pa.

It is not possible to calculate NI for the year unless your earnings were even for each of the 12 or 52 periods (you were employed for the whole year weren't you?). And, are you sure that the NI is employees and not employers?