Understanding National Insurance Contributions (NICs) for the self-employed

Employees generally pay higher NICs than the self-employed unless they are very low paid. This is because Class 2 NICs are currently charged at a flat rate of £3.05 per week (2021-2 figures)

If you are self-employed, you pay two classes of NICs – Class 2 and Class 4. There’s a really good guide to how all of this works over at the Low Income Tax Reform website – here.

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