Clean It Up
UK Window Cleaning Forum => Window Cleaning Forum => Topic started by: Klean07 on January 28, 2013, 03:52:15 pm
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My bookeeper has just text me to say I have to pay £332 class 4 ni contributions! This is on top of the £28+ a month I already pay for class 2! Does everyone else pay these too!
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Are you employed doing another job or ltd comp?
Struggling with this one if its you on your own S/E.
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My bookeeper has just text me to say I have to pay £332 class 4 ni contributions! This is on top of the £28+ a month I already pay for class 2! Does everyone else pay these too!
Yes I do.
Basically Class 2 is the basic one every s/e person pays at the lower N.I threshold. Class 4 means you're doing well enough to have a percentage taken on top.
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http://www.hmrc.gov.uk/working/intro/selfemployed.htm
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Apparantly everyone with a profit of £7,800 or more has to pay 9% of their profit so I'm sure that means that most on here will be paying it!
http://www.hmrc.gov.uk/working/intro/class4.htm
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Im not , i think they take £12 a month out of me , mmmmm , whats the crack here then , do i phone them or just play along , lets face it by the time i retire the pension from the state wont be worth a 5 knuckle shuffle anyway !
Rich
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Yes I pay it but so should everyone after all you're all on
5k a week
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My bookeeper has just text me to say I have to pay £332 class 4 ni contributions! This is on top of the £28+ a month I already pay for class 2! Does everyone else pay these too!
Class 2 is £2.65 per week so I don't know where the £28 comes from?
Class 4 is just another stealth tax.
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332 quid is nothing