I normally only take home under £300 a month and this overtime is a one off and I've paid £78 in NI contributions!
2006-09-29 06:26:30 · 10 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ United Kingdom
Yes, you will get it back weekly when you're 65, and you can get free medical care when you're ill, and subsidised spectacles and dental care. What a bargain for £78.
2006-09-29 06:33:17 · answer #1 · answered by Earwigo 6 · 2⤊ 0⤋
Your NI contributions are based on your actual earnings per month, whereas the tax is based on your yearly earnings. If at the end of the year you have overpaid tax on your income, any extra can be claimed back. This is not he case for NI.
2006-09-29 06:34:09 · answer #2 · answered by Anonymous · 1⤊ 0⤋
No NI contributions are deducted at source (11%) and there is no exception for overtime.
2006-09-29 06:41:21 · answer #3 · answered by Anchor Cranker 4 · 0⤊ 0⤋
determined about what? As HMRC have suggested, it really isn't any longer your problem. shop your payslips (and your P60 once you get it sometime after the top of the tax 3 hundred and sixty 5 days) to instruct you received your wages information superhighway of tax and NI. in the experience that your corporation hasn't been paying those over, HMRC will pursue the corporation no longer you.
2016-11-25 02:36:57 · answer #4 · answered by bruckner 4 · 0⤊ 0⤋
You will not be able to claim it back. You earned over the Lower Earnings Limit for this month.
2006-09-30 02:56:37 · answer #5 · answered by monkeyface 7 · 0⤊ 0⤋
No thats the trouble with overtime, you dont actually get to see much advantage in cash, bludy tax man!
2006-09-29 06:31:30 · answer #6 · answered by Anonymous · 0⤊ 0⤋
Afraid not. Your N.I. contributions are calculated as a percentage of your total gross income. They don't make exceptions for overtime.
Wish they would though.
2006-09-29 06:43:25 · answer #7 · answered by Jamie Armour 2 · 0⤊ 0⤋
nope! sorry love!
2006-09-29 06:33:53 · answer #8 · answered by mirren 3 · 0⤊ 0⤋
nope, sorry
2006-09-29 06:34:52 · answer #9 · answered by Rich S 5 · 0⤊ 0⤋
no
2006-09-29 06:27:47 · answer #10 · answered by Anonymous · 0⤊ 0⤋