National Insurance Contributions (NIC)

National Insurance Contributions are payable by UK residents with collection being administered by the National Insurance Contributions Office (NICO),  In practice the vast majority of NIC funds are collected through the Self-Assessment system or via PAYE.

Our employment tax team can provide advice & assistance on:

• Employees Class 1 primary NIC.
• Employers Class 1 secondary NIC, Class 1A NIC on employee benefits & Class 1B liability on employee earnings included in PAYE settlement agreements.
• Class 2 & Class 4 NIC paid by self-employed taxpayers including partners in partnership.
• Voluntary Class 3 NIC for those not paying Class 1, 2 or 4 NIC.

We can also provide advice in the following areas:

• Contracting out of second state pension.
• Small earnings NIC exemption in relation to self-employed earners.
• Deferment of Class 2 & 4 NIC for those taxpayers paying in excess of the annual maximum.
• Repayment of NIC paid in excess of the annual maximum.

More Information

If you would like to know more, contact:

Sheena Anderson  This e-mail address is being protected from spambots. You need JavaScript enabled to view it

Derek Mitchell   This e-mail address is being protected from spambots. You need JavaScript enabled to view it

Or call 01224 625111