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National Insurance query
pstones578
Posts: 480 Forumite
Not sure if this is in the wrong place.
Can anyone tell me if a second income is exempt from National Insurance or not?
Can anyone tell me if a second income is exempt from National Insurance or not?
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Peter Stones
Peter Stones
0
Comments
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No it is not exempt! It is still included in the calculations.
You pay NI contributions on the total profit in that tax year, whether it is from one source or six!0 -
It depends on the source of the second income.
If it's PAYE and you earn less than approx £90 a week, then you won't have to pay NI. If you earn more, your employer will take it off automatically for you.
If it's self employed income and it's less than approx £4500 pa, you can apply for a Small Earnings Exemption Certificate, and you won't have to pay any NI. If you earn more than that, you'll have to pay Class 2 NI which is £2.10 a week.
Check the HMRC website for more accurate figures if your second income is around what I've said!Here I go again on my own....0
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