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National Insurance contributions for all UK residents and some non-residents are recorded using the NPS computer system (National Insurance and PAYE Service). This came into use in June and July 2009 [23] and brought NIC and Income Tax records together on one system for the first time.
UK Government Data Standards Catalogue - National Insurance Number - The official UK government definition of the NI number format. Also includes links to the XML Schema data type definition in the CitizenIdentificationTypes schema published by the Office of the e-Envoy.
The pension earned is calculated by taking the earnings between the lower earning limit and the upper earning limit in each tax year. This amount is referred to as ‘surplus earnings’. These ‘surplus earnings’ are then increased in line with national average earnings until the individual reaches state pension age.
A non-domiciled UK resident earning less than £2,000 in a year outside the UK does not pay tax on this unless it is transferred to the UK. This would apply to the typical person taking up a temporary job in the UK, being paid, and paying tax on it, in the UK, with possible additional small earnings in the home country.
The benefits paid under basic State Pension are increased in April each year to pensioners living in the UK and in certain overseas countries which have a social security agreement with the UK that includes British pension uprating, [8] in line with the CPI. All state pensions for these pensions are protected by the "triple lock" guarantee.
English: Charges to w:UK income tax and w:National Insurance as a percentage of taxable/NICable pay for the tax year 6 April 2010 thru 5 April 2011. This takes account only of straightforward income tax and Class I employee NICs without contracted-out pension contributions.
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Also sole traders must also pay Income Tax they do this by filling in the self-assessment form which also allows the Inland Revenue to calculate Class 4 NIC; this is simple to fill the information needed is usually costs, sales and profits; if turnover is above £15,000 you may have to keep a detailed profit and loss and balance sheet.