Bradshaw Johnson Chartered Accountants

Tel: 0800 026 0854 | Email : mail@bjca.co.uk

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Deferring National Insurance payments
16/05/2024

Employees with more than one job may be able to defer or delay paying Class 1 National Insurance in certain circumstances.

This deferment can be considered when any of the following apply:

  • You pay Class 1 National Insurance with more than one employer.
  • You earn £967 or more per week from one job over the tax year.
  • You earn £1,209 or more per week from 2 jobs over the tax year.

This deferral could result in NIC deductions at a reduced rate of 2% on your weekly earnings between £242 and £967 in one of your jobs, instead of the standard rate of 8%.

HMRC will check if you have paid enough National Insurance at the end of the tax year and will write to you if you have underpaid contributions.

Most self-employed people are also required to pay Class 4 NICs. It used to be possible to defer these contributions, but that is no longer the case. You may be able to claim a refund for previous tax years.


Contact Us

HITCHIN OFFICE:
Croft Chambers
11 Bancroft
Hitchin
Hertfordshire
SG5 1JQ

ST. NEOTS OFFICE:
Yew Tree House
Church Street
St Neots
Cambridgeshire
PE19 2BU

Tel: 0800 026 0854
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

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