National Insurance Refunds

National Insurance refunds can be a valuable source of relief for individuals who have overpaid in a tax year. This often occurs when someone is both employed and self-employed within the same year. Understandably, this can lead to overpayments that may not be automatically identified by HMRC. Understanding how and when to claim these refunds is crucial to ensuring you don’t pay more than your fair share.

When Overpayments Happen and How to Reclaim Them

Often you can be employed and self-employed in the same tax year.  Unless deferment can be put in place it is necessary to reclaim any overpaid national insurance contributions at the end of the year.

In theory those which simply arise because you had more than one employment in the year and have paid more than the maximum class 1 at the full rate should be spotted by HMRC but this cannot be guaranteed.

With self-employment and employment though this is unlikely to be noticed by HMRC.  It is most likely to be significant when you ceased self-employment during a tax year and then became employed.

We have just obtained a refund of over £2,400 for one year for one client which was missed by one of our national competitors!

Ensure You Claim Your National Insurance Refunds

Don’t let overpaid National Insurance contributions go unnoticed. Whether you’ve transitioned between employment and self-employment or held multiple jobs, understanding your entitlements is key. At Lewis Brownlee, our experts can identify and reclaim overpayments, ensuring you receive the refunds you deserve. National Insurance refunds can significantly impact your finances. So, if you suspect you’ve overpaid, contact us today to maximise your refund and avoid missing out on what you’re owed.