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National Insurance... watch

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    I had to pay 24.74 in National Insurance from my last pay packet.

    Can I claim this/any of it back?
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    (Original post by Davie_Moyes)
    I had to pay 24.74 in National Insurance from my last pay packet.

    Can I claim this/any of it back?
    I don't think so, students are exempt from tax but you have to pay NI once you earn over about £100 a week
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    I've been taxes 204 quid. I'm in the processing of claiming this back.

    I'm quite gutted about the National Insurance - thats quite a bit for 470 (after tax) pay packet.
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    (Original post by Ditzy)
    I don't think so, students are exempt from tax but you have to pay NI once you earn over about £100 a week
    Students are not exempt from tax - only people who earn under a certain maximum value (something around £4,000 per year I think) do not have to pay tax. Students usually earn less than this so do not usually have to pay tax. Also, as a student, if you only intend to work over the vacation and do not anticipate earning more than the maximum amount allowed before tax then you can fill in a form to avoid being taxed uneccessarily. Similarly, if you earn more than about £100 per week, as you say, you have to pay National Insurance, regardless of whether or not you are a student.
    Jenn xx
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    (Original post by JennLlama)
    Students are not exempt from tax - only people who earn under a certain maximum value (something around £4,000 per year I think) do not have to pay tax. Students usually earn less than this so do not usually have to pay tax. Also, as a student, if you only intend to work over the vacation and do not anticipate earning more than the maximum amount allowed before tax then you can fill in a form to avoid being taxed uneccessarily. Similarly, if you earn more than about £100 per week, as you say, you have to pay National Insurance, regardless of whether or not you are a student.
    Jenn xx
    Ah, fair enough, I just knew I had to fill out a form to be put on a student tax code when I was working in the holidays at uni
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    so how much % is NI? If my next paypack is 520 quid, how much will be scabbed?
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    If you're working during the holidays and earn under £4,895 throughout your time in employment you're exempt from paying tax. See attached specimen form - your employer should be able to get hold of it for you from their accountant if you give them the code (p38s I think).

    Hope that helps
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  1. File Type: pdf p38s-specimen only.pdf (23.3 KB, 125 views)
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    im also curious to know how much % NI is. As I started working extra hours half way through last month I got charged NI but only something like £1.27 from £420 paypacket.
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    and where does the money go? Just general government outgoings?
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    (Original post by Motherless Child)
    and where does the money go? Just general government outgoings?
    It goes to fund your state pension doesn't it? :confused:
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    (Original post by Ditzy)
    It goes to fund your state pension doesn't it? :confused:
    Plus its for when you sign on and towards sick pay benefit.
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    (Original post by u2o_uk)
    im also curious to know how much % NI is. As I started working extra hours half way through last month I got charged NI but only something like £1.27 from £420 paypacket.
    It's 11% of everything above the threashold and below the upper limit (which is about £45,000pa)...above the upper limit it's only paid at 1%

    And whatever you pay is matched by your employer (which is why it's a bummer if you're self employed - you have to pay both the employee slice and the employer slice)
 
 
 
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