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
Completing National Insurance record when not working.
Comments
-
Or maybe read the explanatory notes for the Self Assessment returnChomeur said:OK, you have to contact the newly self-employed helpline to request a payment request (https://www.gov.uk/voluntary-national-insurance-contributions/who-can-pay-voluntary-contributions). Which is what I did, and then they wrote to me saying "Could you please tell us what the payment is for as Class 2 is now collected through your end of year self-assessment" which contradicts what is on the website. Time for a complaint, I think.If your combined receipts from self-employment (excluding Rent-a-Room trades) and certain miscellaneous income (read page TRG 8, Box 17 Other taxable income) are no more than £1,000 they are exempt from tax and do not need to be reported on a tax return unless the receipts are from a connected party or they include a Self-Employment Income Support Scheme grant.
If your income is no more than £1,000, you may choose to complete the ‘Self-employment’ pages if:
• your allowable expenses are higher than your turnover and you want to claim relief for the loss or carry forward a loss to be used against future profits
• you expect your turnover to exceed £1,000 in the next tax year
• you want to voluntarily pay Class 2 National Insurance Contributions to build entitlement to contributory benefits like the State Pension
• you want to preserve your record of self-employment, for example to support an application for Maternity Allowance
• you would like to claim Tax-Free Childcare based on your self-employment income
• you’re a subcontractor and want to claim back tax deducted under the Construction Industry Scheme (CIS)0
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.9K Banking & Borrowing
- 254.3K Reduce Debt & Boost Income
- 455.2K Spending & Discounts
- 246.9K Work, Benefits & Business
- 603.5K Mortgages, Homes & Bills
- 178.3K Life & Family
- 261K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards