NIC changes for the self-employed

NIC changes for the self-employed

by | Nov 30, 2023 | National Insurance

In the recent Autumn Statement, the Chancellor announced two important changes to National Insurance contributions (NIC) for the self-employed. The first change concerns the removal of Class 2 NICs for the self-employed. This means that self-employed people with...
Filling gaps in National Insurance record

Filling gaps in National Insurance record

by | Nov 2, 2023 | National Insurance

National Insurance credits can help qualifying applicants to fill gaps in their National Insurance record. This can assist taxpayers to build up the number of qualifying years of National Insurance contributions and which can increase the amount of benefits a person...
Checking your National Insurance record

Checking your National Insurance record

by | Sep 14, 2023 | National Insurance

HMRC offers an online service to check your National Insurance Contributions (NIC) record online. In order to use the service, you will need to have a Government Gateway account. If you don't have an account, you can apply to set one up online. By signing in to...
Class 2 and 4 NIC for the self-employed

Class 2 and 4 NIC for the self-employed

by | Aug 24, 2023 | National Insurance

There are two types of National Insurance contributions (NICs) payable by most self-employed people. These are known as Class 2 NICs and Class 4 NICs. Class 2 NICs are paid by all self-employed taxpayers unless they earn under the Small Profits Threshold (SPT),...