Personal Tax (UK) | National Insurance Contributions
Automatic exemption of national insurance contributions for clients over state pension age. In many other accounts production softwares this is already automatic and is calculated from the date of birth. The more manual input there is, the more room for error and this is something that could easily be missed by someone who is used to automatic functions.
Hi everyone, I'm pleased to update you all that this feature has now been released!
Now, if you enter a date of birth and the client has a trade, Personal Tax will automatically set Class 4 NIC to exempt where the client has turned state pension in the prior year. 🙂
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Stacey Guy commented
Also the only time you are notified this has not been done is at the filing stage but there is no warning at the validation stage
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Angie Garner commented
If this can be automated, brilliant.
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Felicity Coleman commented
This is a great idea! Would be very beneficial!