Q As a student, I earn most of my money in just a few weeks of the year. This means that while my earnings are well under the annual/monthly threshold for tax and national insurance, they are often over the weekly limit for NI. I can claim tax back at the end of the year, but have not been able to claim back any NI even though my contributions are too small to count as a full year’s contribution. Is there anything I can do? EWA Students are not exempt from paying tax and national insurance. You can earn up to £5,035 from April 6 2006 to April 5 2007 without paying income tax. This amount is known as your personal allowance. Continue reading…
Source : theguardian.com
Read more…Can I reclaim NI contributions?
