Hello all.
I started a contract just before the end of the tax year, and my earnings for 2018/19 were around £5.5k.
From this, the umbrella company have taken a total of £666 in "Employer Statutory Costs" i.e. employers NI.
A bit of research done on the internet suggests that I should have not paid employers NI because it's under the threshold (I can't find the exact figures but it's around £7-£8k per year).
The umbrella company are telling me that employers NI is calculated on a WEEKLY basis, so they won't help me with a refund.
Who is correct? And why?
Thanks in advance.
I started a contract just before the end of the tax year, and my earnings for 2018/19 were around £5.5k.
From this, the umbrella company have taken a total of £666 in "Employer Statutory Costs" i.e. employers NI.
A bit of research done on the internet suggests that I should have not paid employers NI because it's under the threshold (I can't find the exact figures but it's around £7-£8k per year).
The umbrella company are telling me that employers NI is calculated on a WEEKLY basis, so they won't help me with a refund.
Who is correct? And why?
Thanks in advance.
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