HMRC has introduced an online service to claim a refund of Class 1 NI contributions but not everyone can use it. What can you do if you’ve paid too much NI?
It’s now possible to claim a refund of overpaid Class 1 NI online, but only if HMRC writes to you about it first. HMRC systems use the data it holds to identify individuals that may have overpaid Class 1 NI. This could be due to an error made by your employer or because you had multiple jobs during a tax year.
However, like all HMRC systems, it isn’t perfect and there’s a chance the information it holds is wrong. If you receive a letter from HMRC about overpaid Class 1 NI, you first need to check whether the details are accurate. Errors can be corrected when you apply for a refund. If you think you may have overpaid NI, but haven’t received a letter, you can use HMRC’s tool to find out how to claim it. Spoiler: if your employer can’t help you need to write to HMRC.
Thank you for reading this article. Churchgates are here to support clients on every stage of their financial journey. We have a unique and powerful combination of fully qualified and registered accountants, tax advisers, solicitors, investment managers and financial planners, offering a wealth of experience and expertise under one roof. If you would like to discuss any of the information from this article, or would like help with any of the services listed above, please don’t hesitate to contact us on 01284 701271, or complete the form on our contact page.
Disclaimer
Our articles offer general guidance only and may not include points which are important to your situation. You should not depend on our articles without taking advice based on the full facts of your case, for example from our advisers. Where our articles refer to investments, please remember that investments can go up and down in value, so you could get back less than you put in.
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