Personal Finance & Money Stack Exchange
Personal Finance & Money Stack Exchange

Questions tagged [national-insurance]

33 questions
13
votes
2 answers

Once retired, is it ever not worth improving a pension by voluntary National Insurance contributions?

I am recently retired (in Germany) and gather from my UK National Insurance record (on tax.service.gov.uk) that I have 11 full years1 and a number of gaps which I may2 be able to close with voluntary contributions. I see also that each extra year of…
PJTraill
  • 233
  • 1
  • 7
11
votes
3 answers

Housewife pension options

We live in the UK. I have a job and pay into a company provided pension (with the company then paying in some extra). My wife left her job a couple of years ago and is now a 'house wife' aka stay-at-home-mum and will be for a while. She has a…
Kate
  • 213
  • 2
  • 6
9
votes
1 answer

With regards to a national insurance refund, what is my Work or Clock number?

So i got a letter from hmrc (UK tax) letting me know I'm due for a refund, and on one of the bits I need to fill out it asks me for my "Work or Clock number" for each job I've had during the tax year. I don't know what this is, and googling the term…
will
  • 191
  • 5
8
votes
2 answers

*Remote* internship for a UK company as a Spanish resident — they want me to go to the UK?

Background My permanent residence is in (mainland) Spain I'm studying at a university in the UK (specifically, Scotland) At the start of this academic year (September 2020), I moved to the UK for university Due to COVID, I have been "attending"…
Anakhand
  • 255
  • 1
  • 6
6
votes
1 answer

UK National Insurance deduction as income tax in NZ

I understand as a New Zealand tax resident I am required to declare my worldwide income and the tax I pay on this income back in NZ each year when I do my tax return. However I am wondering what the status of U.K National Insurance contributions…
Andrew
  • 61
  • 1
6
votes
1 answer

Is PAYE Mandatory for Making Salary Payments

I am the director of a limited company in England and Wales and am the only worker and shareholder. I understand that it is advantageous for me to draw a salary from the company and also take some dividends out of the company's profits. However, is…
ATG
  • 255
  • 1
  • 7
6
votes
1 answer

I am not a UK citizen. What happens to National Insurance I paid, when I go back to India? Can I claim any of it back?

I am an Indian citizen currently working in UK. I pay 11% of my salary to UK National Insurance in addition to the income tax. Can I claim any of it back when I go back to India?
mananjani
  • 63
  • 5
5
votes
2 answers

Why is UK National Insurance calculated weekly?

In the UK and many other countries, there is a threshold below which no income tax is paid. It is an annual threshold so that you don't pay any income tax if your total earnings are below it in any tax year. National insurance works similarly,…
octopus
  • 151
  • 1
  • 2
4
votes
1 answer

How many weeks of NICs are needed to be a qualifying year for a UK pension?

How is a "qualifying year" for the purposes of a UK pension defined? Is it a number of weeks of NIC contributions or is it the annual amount of NICs paid that matters? UK National Insurance contributions are calculated weekly, with a Lower Earnings…
Michael D.
  • 256
  • 2
  • 5
4
votes
2 answers

Making up National Insurance shortfall when working abroad

I lived and worked in the UK for several years, but now live and work elsewhere in the EEA, where I will remain indefinitely. (I have no plans to return to the UK to work or retire, but anything's possible.) While living in the UK, I made National…
Psychonaut
  • 238
  • 1
  • 6
4
votes
1 answer

Tax implications of being a UK employee of a US company?

I'm a UK resident entering into employment with a US company. They're not currently registered for PAYE in the UK, nor do they yet have a UK entity, and they would like to pay my salary directly from the US entity. What are the tax implications for…
Mark Amery
  • 212
  • 2
  • 9
4
votes
1 answer

How are national insurance deductions calculated in the UK?

I understand that in the UK national insurance is a deduction made to your salary. I have seen this question/answer, that lists 2 very good websites that breakdown your take home pay for UK residents. However, TAX has some clear guidlines, i.e. £10K…
Husman
  • 405
  • 1
  • 5
  • 12
4
votes
1 answer

How do NI Qualifying Years work if you're self-employed *at a low rate* AND employed

In order to receive a full UK State Pension you must accrue enough "Qualifying Years". I (think that!) I understand how qualifying years work if you're just employed. And I (think that!) I understand how qualifying years work if you're just…
Brondahl
  • 2,465
  • 2
  • 18
  • 25
4
votes
1 answer

Working abroad - should I pay National Insurance contributions?

I am a 39 year old British citizen. For the next year, possibly longer, I will be living and working in Thailand. I have a working visa, will be working for a Thai company and will be paying local tax, so I will not be UK tax resident during this…
igniteflow
  • 141
  • 1
4
votes
1 answer

What is the minimum weekly pay to be credited with a Qualifying Year on your National Insurance?

I run a limited company, and want to pay myself a wage. There is a limit to what you can pay yourself before the company has to pay National Insurance contributions. But what is the minimum wage you can pay yourself in order to get a Qualifying Year…
jon
  • 143
  • 2
1
2 3