National Insurance: Introduction
Contents
Overview
- Your National Insurance number that you will use to identify the num ber you use for your National Insurance num ber
- National Insurance classes
- What is the amount you have to pay?
- What National Insurance is for
- Help if you’re having trouble working
- Change in circumstances
Overview
You must contribute National Insurance contributions to qualify for certain benefits, as well as the state pensions.
What is the cost National Insurance? National Insurance
You must be liable for National Insurance if you’re 16 or over and you’re:
- An employee earning more than PS242 per week.
- self-employed and making a profit of at least PS6,725 per year
You may be able to contribute to voluntary contributions in order to ensure that you don’t have an unpaid NI contribution.
You’ll need a National Insurance number before you start contributing National Insurance contributions.
If you pay the total of PS123 and PS242 every week, your contribution are taken into account as having been paid to protect the possibility of losing your National Insurance record.
National Insurance classes
There are a variety of kinds of National Insurance (known as ‘classes’).
What you are charged for the service you receive is contingent upon your status as a worker as well as the amount you earn.
If you do not pay and you are in a position to not pay.
If you’re employed, you stop paying the National Class 1 Insurance at the age of state pension.
When you’re self-employed, you don’t have to pay:
- National Insurance Class 2 when you reach the age of State pension.
- National Insurance Class 4 beginning on April 6th (start of the tax calendar year) up to the state pension age.
Are you eligible to get an National Insurance no.
You can apply for a National Insurance number if you:
- Live in the UK
- is a popular choice within the UK
- Are you currently employed looking for work , or have an offer to work
You can begin work before you receive a National Insurance number if you are able to prove that you have the legal authority to work within UK. UK.
If you already have an National Insurance number, you do not need to apply for a new number regardless of whether or not your personal details change. The National Insurance number will remain the same throughout the duration time.
It is not a requirement for an National Insurance number to start the process of applying for benefits or an educational loans. If you require a National Insurance number to get your benefit or student loan paid , you’ll be contacted and instructed on how to get one.
It is not a requirement to have an National Insurance Number to be able to apply for the EU Settlement Scheme.
If you’ve lost the number for the number on your National Insurance number
If you’re a UK resident and are older than 19 years old.
The majority of people will receive a National Insurance number in the three months preceding your 16th birthday, if the following are the facts:
- If you are in the UK
- The parent/guardian has completed the child’s Benefit claim form for you.
If you didn’t receive an National Insurance number
You’re aged between the ages of 16 to 19 and don’t have a National Insurance number:
- contact HM Revenue and Customs (HMRC) in the case that your guardian or parent has completed the child benefit claim form on behalf of you, or if you wish to confirm if you have a National Insurance number
- You may apply for a National Insurance number online if your guardian or parent hasn’t completed an online child benefit claim form for you.
If you’re the holder of a biometric residency permit (BRP)
In the event that you have a BRP or BRP it is possible that you have a National Insurance number already – it’s located on the back part of your BRP to indicate that you own one.
If you don’t have a the National Insurance number, you must apply for one when you are planning for work. Only apply for work if you reside within the UK.
If you’ve previously applied to get a National Insurance Number
It could take up to 8 weeks to get the National Insurance number.
You can dial the helpline of the application at:
- you made your application over eight weeks back
- you’ve moved since you completed your application
- Your personal details have changed since the time you first applied
If you have an reference number for your application, make sure that you have it on the ready when you make a telephone call. It’s located in the upper right-hand corner of the email confirmation that you received following the submission of the application.