Voluntary Class 2 when also FT employed

Hi,

I am a full time employee paying National Insurance through my payslip. I also do self-employed work & have completed a tax return for the past number of years. Class 2 contributions have been voluntary but I have always paid them. Is there any benefit of paying Class 2 contributions on the years that Class 1(?) contributions are paid via FT employment?

*This is the stuff you should have learnt in school!!
Thanks in advance.

Comments

  • QrizB
    QrizB Posts: 13,822 Forumite
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    If I recall correctly, if you have a steady job paying more than 12 hours a week on at least national adult minimum wage, you're already paying enough NI to earn years for your pension and there's no benefit in paying additional voluntary NI.
    N. Hampshire, he/him. Octopus Go elec & Tracker gas / Shell BB / Lyca mobi. Ripple Kirk Hill member.
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  • molerat
    molerat Posts: 31,793 Forumite
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    No benefit whatsoever except for getting that warm fuzzy feeling that you are helping pay down the national debt :)
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