NIC and company directors

by | Mar 9, 2023 | National Insurance | 0 comments

Directors are classed as employees and pay National Insurance on annual income from salary and bonuses that exceed the Primary Threshold. The annual threshold is pro-rated to £11,908 this year following the increase to £12,570 from 6 July 2022...

Gaps in your National Insurance record

by | Feb 16, 2023 | National Insurance | 0 comments

National Insurance credits can help qualifying applicants to fill gaps in their National Insurance record. This can assist taxpayers to build up the number of qualifying years of National Insurance contributions which can increase the amount of benefits a person is...

Check your National Insurance Record

by | Jan 12, 2023 | National Insurance | 0 comments

HMRC offers an online service to check your National Insurance Contributions (NIC) record online. In order to use the service, you will need to have a Government Gateway account. If you don't have an account, you can apply to set one up online. By signing in to...

Applying for National Insurance number

by | Jan 5, 2023 | National Insurance | 0 comments

If you do not already have a National Insurance number you will normally need to apply for one if you are planning to work in the UK, claim benefits, apply for a student loan or pay Class 3 voluntary National Insurance contributions. It can take up to 4 weeks for a...

Class 1A payment deadline

by | Jun 23, 2022 | National Insurance | 0 comments

Class 1A NICs are paid by employers in respect of most benefits in kind provided to employees such as a company car. There is no employee contribution payable. If you provided taxable benefits to staff or directors your business is likely to have a Class 1A...