NIM38505 - Refunds: Class 2, 3 & 4 NICs: annual maximum contribution limits up to 5 April 2003
Regulations 21, 52A and 100 of the Social Security Contributions Regulations 2001
For all tax years up to 5 April 2003 there is a fixed annual maximum amount payable by contributors with more than one job. The limits were:
Liability |
Annual Maximum |
Class 1 and 2 NICs |
The value of 53 primary Class 1 NICs at the maximum standard weekly rate. |
Class 2 and 4 NICs |
The value of 53 Class 2 NICs plus the annual maximum amount of Class 4 NICs. |
Class 1, 2 and 4 |
Where Class 1, 2 and 4 have been paid, the limit of Class 2 and 4 is first applied to the total of all NICs paid for the year, with any excess over that amount (provided it is more than 50p (NIM38503)) being refunded by way of Class 4 up to the amount of Class 4 paid. The remaining sum is then subject to the Class 1 and 2 maximum. |
From 6 April 2024
There is no Class 2 element of the annual maximum calculation.