[ftp]

Anyone understand them? I pay class 2 about £2.80 a week - yippee! But, i also have to pay class 4 on my tax return  I used to be employed so it's a bit double dutch to me.

[seandyer2003]

If you're self-employed

    * you pay 'Class 2' NICs at a flat rate weekly amount of £2.30
    * you also pay 'Class 4' NICs as a percentage of your taxable profits - you pay eight per cent on annual taxable profits between £5,435 and £40,040 and one per cent on any taxable profit over that amount

off the direct.gov.uk website

[ftp]

You learn something new everyday. 

[seandyer2003]

so tax isnt just 20% you got ni on top too !!

[ftp]

Oh yes, two lots.

[mike richardson]

have you got a good accountant?   if not get 1 mine only charge me about £250 a year does all my final tax stuff tells me wot 2 pay

[ftp]

Yes i have an accountant it's just something i didn't spot when she went through my tax return. She is so thorough that i tend to get lost at times with the jargon and speed she works, so i sit there and nod my head then forget most of it when i walk out her front door.  :

[trike]

have you got a good accountant?   if not get 1 mine only charge me about £250 a year does all my final tax stuff tells me wot 2 pay

250 about right,my wifes an accountant

[RSWindows]

have you got a good accountant?   if not get 1 mine only charge me about £250 a year does all my final tax stuff tells me wot 2 pay

250 about right,my wifes an accountant

Always an advantage