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Chartered Certified Accountants
and Business Advisors

01530 267320

Another year of the flat rate National Insurance

From 6 April 2018, the flat rate Class 2 national insurance contributions for the self-employed was due to be scrapped; however in November 2017 HMRC announced the delay of this for another year until April 2019.

For the 2015/2016 tax year on Class 2 contributions are part of your self-assessment tax bill unless the profits declared are less than the small profit threshold.

Payments of Class 2 NI can count towards your state pension along with other state benefits therefore it is an advantage to opt to pay voluntary Class 2 contributions through your self-assessment where your profits are below the small profit threshold.

23 Jan 2018

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