Self Emlployed NI contributions

quaysider
Long Standing Member

Posts: 3,463

Self Emlployed NI contributions Apr 5, 2016 16:06:35 GMT

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Post by quaysider on Apr 5, 2016 16:06:35 GMT

'Afternoon folks,

BEFORE I get totally bogged down in "government gateway" thingy, can I just ask you folks what a self employed NI monthly payment is please? - I seem to think from something I read, it's about 20 quid or so and paying this, continues to earn pension rights?

Any help appreciated.

Mark.

narrowboatellis.blogspot.co.uk

www.narrowboatellis.com

Mr Stabby Super Member By far the most intelligent of the Thunderboat forum's internet stalkers. Posts: 22,065	Self Emlployed NI contributions Apr 5, 2016 17:46:43 GMT Quote Select Post Deselect Post Link to Post Back to Top Post by Mr Stabby on Apr 5, 2016 17:46:43 GMT This explains it fairly comprehensively. www.gov.uk/self-employed-national-insurance-rates Depending on what you do, and what your turnover and profit is, Ltd Co might be worth considering.
	Tony Dunkley is a first class engineer, semi-retired now, but a lifetime of experience, and Works trained at Listers. You could not do better.

quaysider
Long Standing Member

Posts: 3,463

Self Emlployed NI contributions Apr 5, 2016 19:59:36 GMT

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Post by quaysider on Apr 5, 2016 19:59:36 GMT

Thanks - Why couldn't I find that with my search? .... grrr... so it looks like "small" profits are the order of the day then ;-)

As an employee - at the moment I'm paying circa 300 quid a month, whereas, a "newly self employed", it'll only cost me £12.13 for the SAME state pension rights - go figure

narrowboatellis.blogspot.co.uk

www.narrowboatellis.com

Mr Stabby
Super Member

By far the most intelligent of the Thunderboat forum's internet stalkers.

Posts: 22,065

Self Emlployed NI contributions Apr 5, 2016 20:18:56 GMT

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Post by Mr Stabby on Apr 5, 2016 20:18:56 GMT

Whether you are self-employed, a sole trader or operating as a Limited Company, the idea is to show the minimum profit you- or your accountant- are LEGALLY able to do.

I would never ever recommend fiddling your taxes, HMRC are formidable opponents, but there is a world of opportunity available to anybody not on PAYE.

Tony Dunkley is a first class engineer, semi-retired now, but a lifetime of experience, and Works trained at Listers. You could not do better.

Self Emlployed NI contributions

Post by quaysider on Apr 5, 2016 16:06:35 GMT

Post by Mr Stabby on Apr 5, 2016 17:46:43 GMT

Post by quaysider on Apr 5, 2016 19:59:36 GMT

Post by Mr Stabby on Apr 5, 2016 20:18:56 GMT

Shoutbox