National Insurance
Rebate
Many people do not know that they can reclaim a portion
of their National Insurance Contributions whilst working
in the UK. A NI (National Insurance) refund claim can
be made at anytime and only needs to be done once. After
that it is automatically done for you each year.
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What
is a NI Rebate?
 A
large portion of your National Insurance goes towards the
State Second Pension. This is a voluntary deduction and any
person working in the UK can choose to take this money instead.
The money can’t be given to you in cash but is rather
put into your own personal pension. For an average person
working on a salary of £30,000 the rebate will be around
£1,645. For foreigners this makes sense since the rebate
will be far more beneficial than expecting to receive a pension
from the UK government when you eventually retire and aren’t
even living in the country.
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