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National Insurance for company directors

National Insurance for company directors

by | May 11, 2023 | National Insurance

Directors are classed as employees and pay National Insurance on annual income from salary and bonuses that exceeds the Primary Threshold. The annual threshold is £12,570 in the current 2023-24 tax year. Many director shareholders take a minimum salary and any...
National Insurance if working abroad

National Insurance if working abroad

by | Mar 9, 2023 | National Insurance

If you move abroad, it can often be advantageous to continue paying your UK National Insurance Contributions (NICs) in order to preserve your entitlement to the State Pension and other benefits. If you are working in the EU, Iceland, Liechtenstein, Norway, or...
NIC and company directors

NIC and company directors

by | Mar 9, 2023 | National Insurance

Directors are classed as employees and pay National Insurance on annual income from salary and bonuses that exceed the Primary Threshold. The annual threshold is pro-rated to £11,908 this year following the increase to £12,570 from 6 July 2022...
Gaps in your National Insurance record

Gaps in your National Insurance record

by | Feb 16, 2023 | National Insurance

National Insurance credits can help qualifying applicants to fill gaps in their National Insurance record. This can assist taxpayers to build up the number of qualifying years of National Insurance contributions which can increase the amount of benefits a person is...