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Self Employed And National Insurance

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guys, is there a guide anywhere on the web which will tell you how much NI a self employed person earning x amount a week would need to pay.....

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guys, is there a guide anywhere on the web which will tell you how much NI a self employed person earning x amount a week would need to pay.....

You may already know, but.....I pay the ludicrous sum of £10.50 per month. Then, at end of year, you pay a % of your income.

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there are ways where you can pay a few quid without putting your NI at risk

Also remember that when you pay NI your company must pay the same amount. Basically NI is paid twice by the company. If you paid £40 NI then the company has to also pay £40.. so they see £80

dont hold me on self employed though.

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All HERE Mate :D

so for class 2 self employed person its £2.10...is that per week.....

friend of mines average earnings are £840 per weeks before tax... what would have to be paid.....£2.10

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All HERE Mate :D

so for class 2 self employed person its £2.10...is that per week.....

friend of mines average earnings are £840 per weeks before tax... what would have to be paid.....£2.10

+ a % of income at the end of your tax year

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8% on annual profits between £5035 and £33,540 and then an extra 1% on any profit over that amount

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thanks.... one more thing peter where is the source of your info..

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Did you know that your local tax office do free workshops that talk you through most of this. Also depending on your earnings and circumstances you may not have to pay class 2 or class 4. Ring up and ask to talk to the business support unit!

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thanks.... one more thing peter where is the source of your info..

It's all in that HMRC link that I posted mate.

Did you know that your local tax office do free workshops that talk you through most of this. Also depending on your earnings and circumstances you may not have to pay class 2 or class 4. Ring up and ask to talk to the business support unit!

Sound advice as the definition of "self employed" can get a bit vauge as well and you may fall foul of IR35.

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