Primary Threshold - can I use annual limit?

by **njb55rtd** on Thu Apr 01, 2010 9:56 am

Hi
I started work in January and have had three wageslips. £1500 gross per month and £112.64 NIC deducted which is theoretically correct (1500-476x11%).
However, I have not worked in the previous year so my annual gross for 2009/10 is below the minimum £5720. Do you think I should have paid NIC and, if not, can I reclaim it? Incidentally, I have 40 odd qualifying years so don't "need" to pay from that point of view.
Thanks in advance.
njb

by **RAL** on Thu Apr 01, 2010 10:20 am

NIC is not calculated on cumulative basis. It is calculated on week1/month1 basis unlike income tax. I am afraid you do not get any money back. Even if you had 40 years of contribution.

You do not need to pay NIC once you reach retirement age.

by **RAL** on Thu Apr 01, 2010 10:21 am

If you are director then, you can calculate on cumulative basis but not for employees.

by **njb55rtd** on Thu Apr 01, 2010 11:29 am

RAL
Tks for your advice.
njb

by **AJHenderson** on Thu Apr 01, 2010 11:51 am

Is there any guidence which refers to the difference between an employee or director for NI contributions as HMRC denied my request for a refund for a director

by **robbob** on Thu Apr 01, 2010 2:12 pm

http://www.hmrc.gov.uk/nitables/ca44.pdf
CA44 contains guidance on how NI should be calculated for directors.
How is the director due a refund of NI? this seems a bit out of the ordinary.