Budget: self employed class 2 NI payments to end April 2018

BlondeHeadOn

Impact of this?

JezR

"The government will reform Class 4 NICs, so that self-employed individuals continue to build entitlement to the State Pension and other contributory benefits, following the abolition of Class 2 NICs. The government will set out its plans for the contributory benefit tests in its response to the recent consultation on this reform."

The days of paying Class 2 NICs without meaningful self-employment as being cheaper than Class 3 will be over I guess.

molerat

A one off payment of £2.80 to get £4.25 a year for the rest of your life was too much of a bargain. I wondered how long Class 2s would last after 2016.

kidmugsy

There's two years left for this ludicrous stunt.

Nozama

I'm not allowed to post the images as links but you can see the impact of the proposals in the following charts.


whitehall-admin.publishing.service.gov.uk/government/uploads/system/uploads/image_data/file/47505/Figure_2A.png

whitehall-admin.publishing.service.gov.uk/government/uploads/system/uploads/image_data/file/47506/Figure_2B.png

Copy and paste the URLs in your browser.

lifecanbetough4

https://www.dsdni.gov.uk/sites/default/files/consultations/dsd/introducing-benefit-test-class4-national-insurance-consultation.pdf