Post
by secret.simon » Tue Apr 28, 2015 6:08 pm
The threshold for National Insurance is much lower than that of Income tax.
For 2015-16, it is £8050.
Also, NI is calculated in a different way. It is not calculated on an annual basis, but on a weekly basis. So, if you were to earn a lot in a few months and then nothing for the rest of the year, you will still pay NI for the weeks that you earned and it will not get reduced during the weeks that you did not. Because it is thus calculated "live", rather than for the year, there is typically no refund for NI.