National Insurance savings are normally possible no matter what your circumstances, contact us now to find out how much you could save: Enquiry
If you have private practice earnings as well as your NHS salary, you could be paying far too much National Insurance (NICs). There is a cap on the level of National Insurance payable per tax year at the main rate, which is based on annual earnings of £42,475 (for 2011/12).
For 2011/12 if your NHS salary exceeds £42,475 you should only be paying the extra 2% NIC on your private practice income, not the full 9% due for class 4 plus £2.50 per week for class 2.
If you act quickly you can apply to defer the class 2 and 4 NIC payable for 2010/11 by completing the relevant form which can be downloaded from the HMRC website. This form must reach the National Insurance office by 5 April 2011 to be effective for 2010/11.
If you have employment income in addition to your main NHS salary e.g. locum agency it is highly likely that you will be due a refund of class 1 National Insurance contributions.
National Insurance savings are normally possible no matter what your circumstances, contact us now to find out how much you could save: Enquiry
