Overpaid National Insurance
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But many people whose employment circumstances are less straightforward are likely to have overpaid.
Overpaid national insurance. For the 201516 tax year onwards hmrc will calculate your annual maximum amount to check you have paid the right amount of class 2 and class 4 national insurance. The rate of nic decreases to 2 as your total earnings pass the upper limits. This tool helps you apply for a refund on your national insurance contributions from hm revenue and customs hmrcwhat you need to know. Their national insurance number.
Most taxpayers who work for one employer are unlikely to have paid an excess of national insurance. You can apply to hmrc to check your national insurance record and claim a refund if you think youve overpaid. There are different classes of national insuranceyoull. Overpayments of national insurance usually occur when you have more than one employment or a combination of employment and self employment.
Where an employee has overpaid class 1 nic because of a mistake made by their employer the employer will normally be able to refund the overpaid contributions at the next pay day. The situations are when 1 an individual has more than one employment with substantial earnings in each and 2 an individual has an employment but is also self employed. If the employer is unable to sort out the refund the employee should write to hmrc after the end of the tax year stating. I think i may have doubled up on national insurance through simultaneously being an employee in the higher rate tax band and having additional self employed earnings of about 10000.
This is because the system treats each job separately and deducts nics from one without reference to the others. For the 2020 21 tax year employees must pay national insurance is they earn more than 9500 in the year. There are two common situations where an overpayment of national insurance ni will arise.