We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Self employed and going on maternity leave
Options
Make-it-3
Posts: 1,661 Forumite
in Cutting tax
I am a self-employed sole-trader, I have applied for and been accepted for maternity allowance based on my NI contributions. All I have to do now is to send back the form saying when I want my maternity leave to start.
MA will be paid for a maximum of 39 weeks and I'm not allowed to take on any work during this time without losing the allowance.
So my question is, should I de-register as self-employed during this time to save paying class 2 NI or is it best to keep this up? I know the payments aren't very much, but I'm not sure what (if any benefits) there are to me keeping this up if I'm not working.
MA will be paid for a maximum of 39 weeks and I'm not allowed to take on any work during this time without losing the allowance.
So my question is, should I de-register as self-employed during this time to save paying class 2 NI or is it best to keep this up? I know the payments aren't very much, but I'm not sure what (if any benefits) there are to me keeping this up if I'm not working.
We Made-it-3 on 28/01/11 with birth of our gorgeous DD.
0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.1K Banking & Borrowing
- 253.2K Reduce Debt & Boost Income
- 453.6K Spending & Discounts
- 244.1K Work, Benefits & Business
- 599.1K Mortgages, Homes & Bills
- 177K Life & Family
- 257.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards