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Already employed and becoming self-employed also

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  • Graham_Devon
    Graham_Devon Posts: 58,560 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Genie75 wrote:
    Class 2 NI is £2.10 a week.


    Check with the taxman when you ring if you want to check if you can apply for a small earnings exemption or not.

    Yer sorry, meant to say 10 quid a month!
  • oakdale_minx
    oakdale_minx Posts: 1,174 Forumite
    Well, I've just called and registered , it was very easy. I just need to make sure I keep all my paperwork and receipts! He's sending me the NI excemption form .

    To be honest, I think I'll end up just doing AQA as the mystery shoppig is £5 here and there, not really worth it, but I'll keep my options open for now.

    Thankyou for all the advice.
  • pudding06
    pudding06 Posts: 625 Forumite
    Thank goodness I found this thread - this is my position exactly and although my first emplyment is intermittent I dont want to get on the wrong side of the tax man!!!!

    I presume that this will aslo take care of any extra student loan repayments if I make a tax return? ANy thoughts on this?

    pudds
    August 2009 grocery challenge £172.64/,,,,,

    no point in doing grocery challenges, have no money left over to eat :0/
  • Hi the HMRC new name for Inland Revenue offers workshops for free on becoming self employed and Self assessment for self employed phone your local office or check out BST Business support team in the website. They are free and last about 4 -4.5hours each. the advisors are great they realy helped me I visited and spoke face to face once id set up my records. I feel i know the difference between class 1 2 4 NIC and all my expences, they explain everyting. Business link put me in touch with them. My Employment is sorted too . I cant speek too highly of them. I believe the may be slimming down the service so get in touch soon. Im going shortly to a meeting on Tne New Construction industry thingy coming in soon, looking forward to that for networking!
    They mentioned sommat about student loans in the worshops too
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