National insurance Flashcards
1
Q
What is the annual maximum
A
When an individual is liable to pay a combination of class 1, 2 and 4 national insurance there is a limit on the amount of NI payable at the main rates.
2
Q
Explain test 1
A
Test 1: Assesses the class 1 and (if applicable) class 2 NIC and allows the individual to limit the amount of class 2 payable and maybe also allowa a refund of class 1 NIC from HMRC
For individuals who have more than 1 employment
