Self Employed - not sure if need to pay voluntary class 2

Macc

Am self employed, my first self assessment I've done in a while. Just about to pay my self assessment tax bill. Noticed I'm not down to pay any Class 2 NI contributions, just £756 Class 4. I've got a few years gaps where I'm missing NI contributions so need this year to count towards pension etc

My self assessment says:-

Profit £20,980
Tax £2093
NI £756

Would that be classed as a full year for pension?
 
I assumed that as my profit was more than £12750 I would have to pay Class 2 but it is showing as £0.00 owed in my self assessment. I'm fine with paying the voluntary contribution but obviously don't want to if I don't have to.

Can someone point out where I am going wrong 

• Less than £6725 I can pay voluntary but my profit is more than that
• £6725 - £12570 don't need to pay, will be classed as a full year, but I'm over 12570.
• £12570+ must pay but my self assessment says £0.00 Class 2 to pay

QrizB

Per https://www.gov.uk/self-employed-national-insurance-rates

If your profits are £6,725 or more a year

Class 2 contributions are treated as having been paid to protect your National Insurance record. This means you do not have to pay Class 2 contributions.

If your profits are more than £12,570 a year, you must pay Class 4 contributions.

So it looks like your Class 2 contributions are "treated as having been paid" and you only actual payments are for Class 4.

Macc

QrizB said:

Per https://www.gov.uk/self-employed-national-insurance-rates

If your profits are £6,725 or more a year

Class 2 contributions are treated as having been paid to protect your National Insurance record. This means you do not have to pay Class 2 contributions.

If your profits are more than £12,570 a year, you must pay Class 4 contributions.

So it looks like your Class 2 contributions are "treated as having been paid" and you only actual payments are for Class 4.

I think that is the rule for next year (24/25) as it is changing in April. But for 23/24 I think you still have to pay class 4 and class 2. That is my reading of it anyway

QrizB

Yes, this webpage agrees with you:

https://www.accountwise.co.uk/national-insurance-2023-24/

Not sure what's going on with HMRC and your tax return, then. Sorry!