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!

Do I still need to file a S.A?

2»

Comments

  • HappilyNorth
    HappilyNorth Posts: 38 Forumite
    Sixth Anniversary 10 Posts Photogenic Combo Breaker
    edited 30 January 2022 at 6:18PM
    Nothing to see here. Oh no. 
  • Thanks to one and all. You've been very helpful.

    One last quick question. If I tick Yes to earning more than £1000 as it allows me to then register for class 2 NICs, will they charge me £3.05 x 52 and expect me to pay it by midnight tonight?
  • You can pay from the date that you say that you started self employment. Was it 6th April 2020 or much later?

    If you do have a liability it is due by Friday. However interest is charged at around 2.8% per annum so not penal. A 5% surcharge will be levied on 28th February though.
  • HappilyNorth
    HappilyNorth Posts: 38 Forumite
    Sixth Anniversary 10 Posts Photogenic Combo Breaker
    edited 22 January 2024 at 2:51PM
    You can pay from the date that you say that you started self employment. Was it 6th April 2020 or much later?

    If you do have a liability it is due by Friday. However interest is charged at around 2.8% per annum so not penal. A 5% surcharge will be levied on 28th February though.
    I started on the 12/3/21... Ah so I will only owe NICs from then until 5/4/21? 

    Looks like I wrongly assumed one paid NICs whether in or out of work.
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
  • 352.3K Banking & Borrowing
  • 253.6K Reduce Debt & Boost Income
  • 454.3K Spending & Discounts
  • 245.3K Work, Benefits & Business
  • 601K Mortgages, Homes & Bills
  • 177.5K Life & Family
  • 259.1K 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.