National Insurance is one of the many areas of tax that often confuses people, and it's no wonder! With so many different rates for businesses, employers and employees, you could be forgiven for getting a little lost.
But you can't be forgiven for not knowing your Self Employed NI Contributions after reading this article!
So let's get started. As a self employed person, you normally have to pay Class 2 NI Contributions. Also, if your profits are over a certain amount, you may also pay Class 4 NI Contributions.
But you can't be forgiven for not knowing your Self Employed NI Contributions after reading this article!
So let's get started. As a self employed person, you normally have to pay Class 2 NI Contributions. Also, if your profits are over a certain amount, you may also pay Class 4 NI Contributions.