Self Employed NI

Secret2ndAccount

As an employee, my NI contribs rose from 12% to 13.25% in April, and will go back to 12% in Nov.
If you get a weekly or monthly pay packet this is easy math.
If I am self employed, and file a total income once per year, what will be my rate of Class 4 NI?
Thanks

[Deleted User]

Currently 10.25% on profits between 11909 and 50270 although presumably this will decrease to 9% from 6th November. The constant changes will make this a fun year to calculate.

And you will have Class 2 of £3.15 per week if profits are over £6725

molerat

It looks like the revised SC levy annual thresholds are remaining but the rates are now 9.73% and 2.73%

https://www.gov.uk/government/publications/reversal-of-the-health-and-social-care-levy-and-in-year-reductions-for-national-insurance-contributions-rates/cancellation-of-the-health-and-social-care-levy-and-in-year-reductions-in-national-insurance-contributions-rates

Secret2ndAccount

molerat said:

It looks like the revised SC levy annual thresholds are remaining but the rates are now 9.73% and 2.73%

https://www.gov.uk/government/publications/reversal-of-the-health-and-social-care-levy-and-in-year-reductions-for-national-insurance-contributions-rates/cancellation-of-the-health-and-social-care-levy-and-in-year-reductions-in-national-insurance-contributions-rates

That's what I was looking for. Thank you.