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
NI Class 2 Contributions?!
RachelMG
Posts: 1 Newbie
Hi all - I am full time employed and obviously pay my National Insurance contributions through this. I also do a small amount of self employed photography work on the side and HMRC are also asking me for NI contributions through this too. Is this right? Many thanks!
0
Comments
-
Of course it's right, why do you think it wouldn't be?"You've been reading SOS when it's just your clock reading 5:05 "0
-
Hi all - I am full time employed and obviously pay my National Insurance contributions through this. I also do a small amount of self employed photography work on the side and HMRC are also asking me for NI contributions through this too. Is this right? Many thanks!
NI for self employed works a bit different to NI for employed. Employed NI starts after earnings go above a certain threshold, you do not have to do anything your employer works it out. With self employed NI there is again a threshold but it is optional if you are below the threshold and wish to pay NI you do not need to do anything other than pay up as and when required. If you are below the threshold you have to get an exemption certificate and then you do not pay any NI on your self employed earnings.
The current figure for low earnings exemption is £5725 and the details for applying are here....
http://www.hmrc.gov.uk/forms/cf10.pdf0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.3K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.4K Spending & Discounts
- 247.3K Work, Benefits & Business
- 604K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards