Should you be paying national insurance while working abroad?
[ad_1] HMRC has launched a new tool for people to check whether they should be paying national insurance contributions (NIC) while they are working abroad. Typically, individuals relocating abroad permanently will stop paying NIC in the UK and pay social security (or the domestic equivalent) in their new country of residence. There is the option […]
Home responsibilities protection not in national insurance
[ad_1] Some individuals may be missing home responsibilities protection (HRP) from their national insurance record, which could impact the amount of state pension that they are entitled to. The government is identifying affected individuals and will be writing to them with their recalculated state pension entitlement. Home responsibilities protection (HRP) was a scheme that applied […]
Deadline to top up national insurance extended
[ad_1] Taxpayers will have until 31 July 2023 to make voluntary national insurance (NI) contributions going back to April 2006. The government has announced that contributions made in this window will be at the 2022/23 voluntary NI rates. It is normally possible to make voluntary NI contributions for the past six tax years, to top […]
Check your national insurance record before 5 April 2023
[ad_1] ICAEW urges those planning to claim the UK state pension to check their national insurance (NI) record before 5 April 2023. Currently, voluntary contributions can be made to plug gaps back to April 2006, but this will be curtailed from April. The Tax Faculty has created a checklist of actions. National insurance contributions are […]