National insurance payments with two jobs

262724

Hi, 

can anyone help with the following query?

I have two jobs, one earning £45k a year and the other earning 30k a year. I understand that I pay NI on both of these jobs @ 8% as I earn above the weekly threshold of £242 in both jobs.

My question is if I was earning the above amount from just one job I would pay 8% on my weekly earnings between £242 & £967 and then 2% on the rest above £967.

Am I entitled to a refund at the end of the tax year as I pay 8% on the whole lot ? 

Thanks in advance. 

Peter999_2

Yes, you would be entitled to a refund at the end of the year as you will pay the 8% on both jobs.

The upper earnings limit is £967 a week which individually for each job you will be under but combined over.    Therefore you can get a refund at the end of the tax year.     However, it is not automatic and you have to contact HMRC yourself.    Your emlployers won't automatically do it as they are charging it correctly - only the HMRC can refund.

Nomunnofun1

Here:

https://www.gov.uk/claim-national-insurance-refund/y

chrisbur

If of any interest the formula for calculating the maximum NI due is here....
https://www.gov.uk/hmrc-internal-manuals/national-insurance-manual/nim01251