PART 3: NATIONAL INSURANCE
I Standard rate COSRS, under 21 years of age and abolished 6th April 2016 K Deferment, COSRS, under 21 years of age and abolished on 6th April 2016 L (Non-Mariner) Contracted-out salary related deferment and abolished on 6th April 2016 N Mariner Contracted-out - ocean going employment and abolished on 6th April 2016 O Mariner Exempt - Contracted-out and abolished on 6th April 2016 P NIC Holiday Rebate Claimed (to 05/04/1999) removed 2005/06 S Exempt Employee COMPS (with certificate CA2700) abolished 6th April 2012 V Mariner Contracted Out Money Purchase deferment and abolished on 6th April 2016 COPYRIGHT © 2021 THE CHARTERED INSTITUTE OF PAYROLL PROFESSIONALS From April 2003, following the introduction of employee contributions on earnings above the upper earnings limit, age exempt table letter C may now only be used where the contributor is above state pension age. DEFERRED CONTRIBUTIONS Employees with more than one job, who expect to pay maximum annual Class 1 contributions in one of their jobs, may apply for a deferment of their NICs liability for the other job(s) to the end of the current tax year. The employer should only operate deferment after receipt of a current form CA2700 from the employee. From 6 April 2003 the exemption does not apply to any contributions liable on earnings above the Earnings Threshold in any of the second or additional jobs where NICs are due at 2% (1% prior to 6th April 2011) on all such earnings in any secondary or subsequent job. DEFICIENCY NOTICE A statement issued by HMRC National Insurance Contributions and Employer Office advising the employed, and self-employed, that National Insurance Contributions credited in a specific year will be insufficient for that year to count as a qualifying year for state pension provision. It was announced in January 2007 that any individuals who had paid voluntary contributions from the 25th May 2006 to 27th July 2007 in the belief that these were needed to make up a NICs deficiency that subsequently turned out not to be needed (the state pension age and the qualifying NICs years were reduced from April 2010) could have such contributions refunded. Contributions made before or after those dates, which is when the proposals on state pension reform were announced and subsequently received Royal Assent may not be refunded. For topping-up shortage years see https://www.gov.uk/voluntary-national-insurance-contributions/ deadlines. No printing, copying or reproduction permitted. EMPLOYEES SECONDED ABROAD - NICs As it may be difficult for employers to complete the reporting and payment of NICs liability within normal filing and deadline dates, the PAYE scheme may apply to defer reporting and payment of secondary NICs contributions.
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