Employees with more than one job may be eligible to defer or delay paying Class 1 National Insurance in certain situations. This deferment can be considered if any of the following apply:
You pay Class 1 National Insurance to 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 two jobs combined over the tax year.
This deferral may allow for reduced NIC deductions of 2% on weekly earnings between £242 and £967 in one of your jobs, instead of the standard 12% rate.
At the end of the tax year, HMRC will review your National Insurance contributions and notify you if you owe NIC arrears.
Most self-employed individuals are also required to pay Class 4 NICs. While it was previously possible to defer these contributions, that option is no longer available. However, you may be able to claim a refund for past tax years.
If your query is not listed above or you would like further information, please feel free to give us a call for some friendly, no-obligation advice. Please note, telephone calls are recorded.