To make the system more simple (and sensible), the Government is changing the way Class 2 National Insurance is paid. At the moment, Class 2 is invoiced by the Revenue and paid to them in a separate system from the rest of your tax. You may currently be paying the Class 2 on a monthly […]
I’ve heard how you pay Class 2 is changing – is that right? Read More »
If you suspect you don’t have enough qualifying years, you can first check with the Revenue by calling or writing to them, or completing a form online on their website. The statement will tell you how many years you are missing (if any) and how much in voluntary contributions it will cost to fill in
What if I haven’t paid enough National Insurance? Read More »
If you’re earning above certain amounts – yes. If you earn more than £5,885 a year you have to pay Class 2, and if you earn more than £7,956 you have to pay Class 4. You don’t pay National Insurance if you’re aged under 16 or over the state pension age – currently 65. If
Have I got to pay National Insurance if I’m self-employed? Read More »
When going self-employed, it might appear that National Insurance is being paid twice. National Insurance is grouped into different classes, and self-employed people pay Class 2 and Class 4. (In case you’re wondering what happened to Classes 1 and 3, Class 1 is for employees and Class 3 is for voluntary contributions if there are
