NI class2

[Parrot of doom]

ffs. Just had to pay a NI demand for nearly £400 for class 2 contributions.

I thought I already paid NI as a self-employed person, when I pay my tax return?

Why is it that every time I earn money, some fecker is always wanting to take it from me!

*fume*

[groucho]

Yep, I've just had a letter from them saying that they want money from me - don't know how much yet. No, you don't pay class2 with your tax, you've got to pay it seperately - about £2.10 a week.

[Jaglover]

Class 2 Ni is an additional contribution you have to make as a self employed individual.

It is a fixed rate.

[ZR1cliff]

Got my class 2 this morning,think it was 27.30ish,you must be doing some catching up?

[Eric Mc]

Class 2 NI is the IMPORTANT NI for sole traders (and partners). It is only £2.10 per week BUT it is THE NI contribution which counts for your eventual state pension. The Class 4 NI you pay as part of your Self Assessment "tax" bill DOES NOT COUNT as an NI contribution

You are supposed to notify the Inland Revenue within three months of commencing Self Employment and they usually set you up for Class 2 NI fairly promptly. Many people pay by monthly Direct Debit which works out at £8.40 od £10.50 per month - depending on how many Fridays there are in the relevant month. Alternatively you can pay it quarterly by cheque.

If your earnings from Self Employment were below the "Small Earnings Exemption (SEE) Limit, you can apply to NOT pay the Class 2 NI. However, you must notify them that you will not need to pay it and you must ALSO notify them if your earning eventually exceed the SEE so that you can start paying the Class 2 NI as soon as possible.

It is actually a criminal offence NOT to notify the Inland Revenue of such matters.

>> Edited by Eric Mc on Tuesday 1st November 18:44

[Parrot of doom]

I haven't paid them for about 3 years, which probably explains the big bill

[2 Smokin Barrels]

Parrot of doom said:

the big bill

[mybrainhurts]

Parrot of doom said:

I haven't paid them for about 3 years, which probably explains the big bill

You think you've got problems with big bill....?



Just wait till they send Psychotic Sid round........

[2 Smokin Barrels]

mybrainhurts said:

Parrot of doom said: I haven't paid them for about 3 years, which probably explains the big bill You think you've got problems with big bill....? Just wait till they send Psychotic Sid round........

Happy with this one MBH?

[mybrainhurts]

Eh...?

What one....?