We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 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!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide

Self Employed but no income

MykMallett
MykMallett Posts: 135 Forumite
in Cutting tax
Hi,

I registered as self employed in the summer as I had a promise of a contract and I intend to do more freelance work in the future. However, the initial work fell through and so I haven't earnt anything. I have since got a full time job.

Anyway, I have been sent a NI bill for 6 months. How can I not pay this, seeing as I haven't earnt any money as self employed and am already paying NI on my salary?


Thanks
«1

Comments

  • HappyMJ
    HappyMJ Posts: 21,115 Forumite
    10,000 Posts Combo Breaker
    It's voluntary anyway so just fill out a CF10 form from the HMRC.
    :footie:
    :p Regular savers earn 6% interest (HSBC, First Direct, M&S) :p Loans cost 2.9% per year (Nationwide) = FREE money. :p
  • MykMallett
    MykMallett Posts: 135 Forumite
    Great, thanks
  • ceeforcat
    ceeforcat Posts: 1,131 Forumite
    HappyMJ wrote: »
    It's voluntary anyway so just fill out a CF10 form from the HMRC.


    Could not be further from the truth I am afraid. It is compulsory. Your advice regarding the CF10 is correct though.
  • HappyMJ
    HappyMJ Posts: 21,115 Forumite
    10,000 Posts Combo Breaker
    ceeforcat wrote: »
    Could not be further from the truth I am afraid. It is compulsory. Your advice regarding the CF10 is correct though.
    If you are earning money. It's voluntary if you are not.
    :footie:
    :p Regular savers earn 6% interest (HSBC, First Direct, M&S) :p Loans cost 2.9% per year (Nationwide) = FREE money. :p
  • grizzly1911
    grizzly1911 Posts: 9,965 Forumite
    HappyMJ wrote: »
    If you are earning money. It's voluntary if you are not.


    Thanks for the useful posts.

    Quick query - I thought you had to pay so much per week regardless, pretty small amount, and then pay a profit related payment too.

    Is this not the case.
    "If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....

    "big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham
  • HappyMJ
    HappyMJ Posts: 21,115 Forumite
    10,000 Posts Combo Breaker
    grizzly1911 wrote: »
    Thanks for the useful posts.

    Quick query - I thought you had to pay so much per week regardless, pretty small amount, and then pay a profit related payment too.

    Is this not the case.
    If you earn more than £5,315 per year you must pay £2.50 a week. Then you pay 9% on anything earnt over £7,225 per year up to £42,475 per year then it drops to 2% on anything over that amount.

    If you earn less than £5,315 it is voluntary you can choose to pay it. As the OP has no income then it's voluntary.
    :footie:
    :p Regular savers earn 6% interest (HSBC, First Direct, M&S) :p Loans cost 2.9% per year (Nationwide) = FREE money. :p
  • ceeforcat
    ceeforcat Posts: 1,131 Forumite
    HappyMJ wrote: »
    If you are earning money. It's voluntary if you are not.


    OK - I now see where you are coming from - I just did not want everyone to believe that Class 2 contributions were voluntary
  • John_Pierpoint
    John_Pierpoint Posts: 8,401 Forumite
    Part of the Furniture 1,000 Posts
    You are still required to fill in the forms and ask to opt out of class 2 payments ?

    Don't forget the systems are computerised these days - computers don't do common sense.
  • grizzly1911
    grizzly1911 Posts: 9,965 Forumite
    HappyMJ wrote: »
    If you earn more than £5,315 per year you must pay £2.50 a week. Then you pay 9% on anything earnt over £7,225 per year up to £42,475 per year then it drops to 2% on anything over that amount.

    If you earn less than £5,315 it is voluntary you can choose to pay it. As the OP has no income then it's voluntary.


    Does the minimum £2.50 count as a full contribution do you know?
    "If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....

    "big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham
  • Savvy_Sue
    Savvy_Sue Posts: 47,778 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    HappyMJ wrote: »
    If you earn more than £5,315 per year
    from your self employed earnings over the whole tax year. If the OP doesn't expect to exceed this, then a phone call to HMRC to ask about a certificate of exemption for the year should sort it out.
    Signature removed for peace of mind
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 353.6K Banking & Borrowing
  • 254.2K Reduce Debt & Boost Income
  • 455.1K Spending & Discounts
  • 246.7K Work, Benefits & Business
  • 603.1K Mortgages, Homes & Bills
  • 178.1K Life & Family
  • 260.7K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture