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MSE News: Abolition of class 2 national insurance payments delayed until 2019

The Treasury has postponed the scrapping of 'class 2' national insurance contributions until April 2019, meaning many self-employed workers will have to pay almost £150 more than expected over the extra year...
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'Abolition of class 2 national insurance payments delayed until 2019'
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  • marlotmarlot Forumite
    4.9K Posts
    Part of the Furniture 1,000 Posts Name Dropper
    Good new for my wife and her micro business! One more year of cheap NI!
  • gadgetmindgadgetmind Forumite
    11.1K Posts
    Part of the Furniture 10,000 Posts Combo Breaker
    Yes, my wife has been running a "micro business" for many years and has close to full single tier despite only having been in employed work for 4-5 years in her entire life! This extra delay will get her within two years of full SP and we then just need to decide whether to Class 3 for the rest.
    I am not a financial adviser and neither do I play one on television. I might occasionally give bad advice but at least it's free.

    Like all religions, the Faith of the Invisible Pink Unicorns is based upon both logic and faith. We have faith that they are pink; we logically know that they are invisible because we can't see them.
  • patman99patman99 Forumite
    8.5K Posts
    Part of the Furniture 1,000 Posts Combo Breaker Photogenic
    I must admit the best advice I was ever given when discussing going self-employed with my then jc advisor was to pay Class 1 NI. That. Way, should there be a downturn in work, you would be entitled to full benefits until you returned to work.
    Never Knowingly Understood.

    Member #1 of £1,000 challenge - £13.74/ £1000 (that's 1.374%)

    3-6 month EF £0/£3600 (that's 0 days worth)

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