Contact Us

Yes, your entitlement to certain state benefits depends on your National Insurance contributions record.

Unlike tax, National Insurance does not take into account your total cumulative income, and therefore, it is possible to end up with a situation like yours where your total income is fairly good, but you do not trigger any National Insurance.

You are not obliged to pay any National Insurance in your case; however, if you are concerned about your state benefits entitlement, you may wish to pay voluntary contributions – Class 3 National Insurance. Class 3 is £13.25 per week for 2012/13.

Complete form CA5603 if you would like to apply to pay Class 3, which is available on HM Revenue & Customs’ website www.hmrc.gov.uk.

 

Date published 5 Dec 2012

This article is intended to inform rather than advise and is based on legislation and practice at the time. Taxpayer’s circumstances do vary and if you feel that the information provided is beneficial it is important that you contact us before implementation. If you take, or do not take action as a result of reading this article, before receiving our written endorsement, we will accept no responsibility for any financial loss incurred.

Choose the right accounting firm for you

Running your own business can be challenging so why not let TaxAssist Accountants manage your tax, accounting, bookkeeping and payroll needs? If you are not receiving the service you deserve from your accountant, then perhaps it’s time to make the switch?

Local business focus icon

Local business focus

We specialise in supporting independent businesses and work with 100,000 clients. Each TaxAssist Accountant runs their own business, and are passionate about supporting you.

Come and meet us icon

Come and meet us

We enjoy talking to business owners and self-employed professionals who are looking to get the most out of their accountant. You can visit us at any of our 409 locations, meet with us online through video call software, or talk to us by telephone.

Switching is simple icon

Switching is simple

Changing accountants is easier than you might think. There are no tax implications and you can switch at any time in the year and our team will guide you through the process for a smooth transition.

See how TaxAssist Accountants can help you with a free consultation

020 3941 2011

Or contact us