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How To Get A National Insurance Number And Tax Number In Edinburgh?

Question by damia_1_98 | Posted in United Kingdom

Hi all,
I'm moving to Scotland in a few months for my OE, (I'm from NZ) and was wondering what the best way is to get a National Insurance Number that I need to work. And i'm guessing a Income Tax number.
I've been looking around and it seems very confusing. Do I just turn up at the tax office and go from there for both? Or are they different entities? And how long does it take?
If anyone could point me in the right direction that would be great.
I've got a UK Passport, so i'm technically a British citizen, so hopefully that wont make the process too hard :)
I'm guessing these are the only two govt numbers I need to get to get started working?
Thanks!

Answer: You have to apply for both at Revenues and Customs. It's a routine application.
 
 

Is It Possible To Start Paying Voluntary National Insurance Payments Mid Way Through The Tax Year?

Question by emma | Posted in United Kingdom

I want to pay voluntary national insurance payments for this tax year. I've looked at HMRCs website and it says that you can do it by quarterly payments or by direct debit but some of the dates specified for these payments have already passed. Is it possible to start paying voluntary national insurance for this tax year and just pay higher amounts or will I have to wait until the next tax year in April 2011.

Answer: You can start at any time.

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How To Get UK National Insurance As A Working Holiday Maker?

Question by CindyHoneyy | Posted in Other - United Kingdom

I have plan to be a working holiday maker this summer in the UK.
Been told about the National Insurance and the taxes deducation, does that apply to us as well?
And most importantly, how do we even get National Insurance & its number?
I was thinking of staying in UK up to 2 years which is how long the visa lasts.
Any good suggestion??

Answer: I am not sure but for just the one summer I would not not worry about anything, there are millions of Americans and Australians who work in the UK for a few months then bugger off. The UK is a true free land unluke the USA, just go and find out yourself, you might even never leave! If you do then by law you should declare your earnings after the end of the 2nd year, this is if you are self employed. In that case keep all receipts.

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How To Work Out How Much Tax And National Insurance To Pay On A Certain Amount?

Question by JC | Posted in United Kingdom

I have some shares available to sell... I know how much the shares are worth but they are subject to tax and national insurance. How do I work out how much my shares are worth after deducting the tax and national insurance.
(i.e. what are the percentages of tax and national insurance)

ANSWERS FROM UK RESIDENTS ONLY PLEASE!

Answer: Sale of shares is not subject to income tax or national insurance.

You will be liable for capital gains tax on the profit you make (the selling price less the buying price less any expenses such as commission paid on both transactions). You can make up to £10,100 of gains in a year tax free, any gain after that is taxed at 18% if you are a basic rate income tax payer or 28% if you are a higher rate payer.

I will hazard a guess that if you don't know which tax is due on the profits you probably do not have that many shares so your profits will be under the £10,100 limit and all your profit will be tax free.

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How Many Years Paying Class 1 National Insurance To Get State Pension?

Question by zak | Posted in United Kingdom

I have paid over 30 years of class 1 national insurance contributions (nics) and have heard that there is going to be a change in the number of qualitying years to receive a full state pension - being reduced from 44 years to 30 years. Does this mean I will still have national insurance deducted from my salary, or will I be able to stop paying it?

Answer: You'll continue to suffer Class 1 deductions until you achieve retirement age, which will be at age 67.
see:http://www.direct.gov.uk/en/MoneyTaxAndB enefits/PensionsAndRetirement/StatePensi on/DG_4017919

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