NI contributions

tommytynan123

I'm fully paid up with NIC's but my new employers (p/t job 2 days per week) are deducting NIC's ?? Is that correct ? Thanks

00ec25

NIC is deducted per employment as long as the earnings in each job is more than £149 per week

so 2 jobs each paying more than that NI will be deducted on both

if both jobs are for the same employer the employer may treat it as one job and add the total pay together, if for separate employers than it is possible that one job may fall below 149 p/w and you should not be having NI deducted

that said NI is such a simple tax because it is done in isolation each week, either you earned more that then threshold or you didn't so it would be unusual for a payroll dept to make a mistake

have a read of this rather than me try to explain more
http://taxaid.org.uk/situations/employee/national-insurance-contributions

CLAPTON

tommytynan123 wrote: »

I'm fully paid up with NIC's but my new employers (p/t job 2 days per week) are deducting NIC's ?? Is that correct ? Thanks

if you are employed and below state pension age then you are liable to pay NI once you earn more than 149 per week in an employment


there is no such thing as being 'fully paid up' otherwise

zygurat789

CLAPTON wrote: »

if you are employed and below state pension age then you are liable to pay NI once you earn more than 149 per week in an employment


there is no such thing as being 'fully paid up' otherwise

There is, however, a maximum payable but this is a moveable feast rather than a fixed amount.

purdyoaten

zygurat789 wrote: »

There is, however, a maximum payable but this is a moveable feast rather than a fixed amount.

There is a maximum payable at the highest rates. However, the 2% (used to be 1%) rate means that there is now no such thing as a maximum total NIC contribution.

In practice, while one used to be able to defer, say, Class 4 NIC, altogether this deferment now takes the form of reducing the rate charged to 2%.

Just to complicate things further.