Tag: NI

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How to check your National Insurance record

To check that you will qualify for a state pension when you retire, it is advisable to check with HMRC that your National Insurance Contributions are updated. To do this you can either request online for a statement of National Insurance account in order to check if there are gaps in your National Insurance record. You’ll need to say […]

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New tax Free Allowance

This may be of interest for Self employed pastors of churches. The standard personal allowance (amount of tax-free income) for 2013/14 will be £9,440. We had been expecting a smaller increase to £9,205. The new higher allowance allows an individual to earn £181.54 per week (about £787 per month) tax free. But the NIC thresholds […]

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