Deferring National Insurance Contributions
Posted by TaxInsider on Thu, 13/09/2012 - 12:27 648
National Insurance contributions are worked out separately for each employment and self-employment, without taking account of any other earnings on which NICs are payable.
This means that where a person has more than one job or has income from both employment and self-employment, they may end up paying National Insurance contributions in excess of the annual maximum for the year.
Where it looks likely contributions will be paid in excess of the annual maximum, contributions can be deferred. An application for deferment for Class 1 contributions is made on form CA72A (see www.hmrc.gov.uk/forms/ca72a-2010-11pdf). And an application to defer Class 2 and/or Class 4 contributions is made on form CA72B (www.hmrc.gov.uk/forms/ca72b.pdf).