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

National Insurance payments

Hi I don't know if anyone can help.

I was self employed but then got a paid job as well (where I earned over the £155 minimum a week).

In terms of national insurance, would I have had to pay my class 2 if I was in a job where I would have presumably been paying class 1 (all my payslips are currently in storage so I cannot check)?

Also I earned very little (under the £5k threshold) through my self employment.

I have now received a letter saying I owe class 2 from the time I started my new job until the end of the tax year.

I'm a bit confused. Obviously I'll pay it if I have to but wondered how it works?

Thanks

Comments

  • Darksparkle
    Darksparkle Posts: 5,465 Forumite
    Where you still self employed? Or did you stop once you started employment?

    What tax year are you referring to?
  • It was the 14/15 tax year. I started my paid employment in January 2015 and ended my business at the end of March 2015 so there was an over lap.
  • Darksparkle
    Darksparkle Posts: 5,465 Forumite
    Being employed wouldn't stop you being due to pay class 2 NIC as that is purely for self employment.

    However if the self employed income was less than £5000, did you apply for a small earnings exception certificate?
  • Not that I know of, and I'm guessing not now I've got this letter as my accountant has submitted my self assessment for 14/15 so I guess it's based on that.

    Thanks for the information.
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
  • 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

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.