Tag: NIC’s

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3 quick items of interest

Just a three quick items of interest if you are self-employed, or are self-assessed taxpayer…. Class 2 NIC’s It was announced in the recent 2016 budget, that Class 2 National Insurance Contributions would be scrapped from April 2018. Yes…you read that correctly !. Currently you are paying £2.80 per week if you earn a PROFIT […]

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Class 2 NIC changes

What are NIC’s ? “National Insurance Contributions” (NIC’s) contributes towards your state pension and certain other benefits; the amount of contributions you make during your working lifetime affects the level of pension you receive. If you are employed on a payroll, you pay Class 1 NIC which get taken automatically via PAYE. Class 2 and […]

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