News1 min ago
National Insurance Rebate
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Hi can someone tell me if when applying for a tax rebate, any overpaid national insurance is automatically calculate and refunded at the same time, or if an application for overpaid NI has to be made separately?
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For more on marking an answer as the "Best Answer", please visit our FAQ.It's actually quite difficult to overpay National Insurance. For example, if you're weekly paid and get paid £500 in the first week of a tax year, you'll pay PAYE under a system that effectively assumes that you'll earn a total of £26000 in that tax year. If you subsequently don't earn a single penny more during that tax year (perhaps because you're in hospital) you'll have paid unnecessary tax and be entitled to a refund.
However, unlike Income Tax, National Insurance is paid on a week-by-week basis, so you'll have still paid the correct amount for that single week and thus won't be entitled to any refund.
However, if you think that you might be eligible for a NI refund, start here:
https:/ /www.go v.uk/cl aim-nat ional-i nsuranc e-refun d
However, unlike Income Tax, National Insurance is paid on a week-by-week basis, so you'll have still paid the correct amount for that single week and thus won't be entitled to any refund.
However, if you think that you might be eligible for a NI refund, start here:
https:/
whilst the answer from Beunchico is correct. There are a number of circumstances where NI can be over paid, normally when you are self employed or as a director of a limited company or come to retirement age during the course of a fiscal year (whether employed or self employed). Whilst, eventually, it is normally discovered, it is not always and the tax arm and the national insurance arm do not necessarily talk to each other. Write to National Insurance at Longbenton Newcastle and state your case