| Can someone tell me how much my National Insurance contributions should be |
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The Name
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l have looked on the site but l can not make head or tail of it.
l am self employed and earn about £350 per week. l am in the UK.
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hehe
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you will be in class 2 and 4 .. look online and work it out, i'm very tired today.
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Dudley
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As you are self employed, you should have already set up a direct debit for Calss 2 NIC contributions = £2.30 per week * 52 weeks = £119.60pa.
You will also have to pay Class 4 NIC on profits over £105pw (£350*52=£18,200pa, less threshold of £5435 = ((£12765)*8%)=£1021.20. Therefore the total NIC (Class 2 and Class 4) will be £1,140.80.
This will be collected along with income tax
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