• Multiple employments? Paying National Insurance on your private earnings?

    Multiple employments? Paying National Insurance on your private earnings?

    You could be due a substantial National insurance rebate.

    National Insurance savings are often possible no matter what your circumstances, contact us now to find out how much you could save: 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 £41,450 (for 2013/14).

    For 2013/14 if your NHS salary exceeds £41,450 you should only be paying the extra 2% NIC on your private practice income, not the full 9% due for class 4 plus £2.70 per week for class 2.

    If you have employment earnings 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 refunds can be sought for the previous 4 years so contact us now: jason@doctorstax.co.uk

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