- Original Poster
- #1
I am both employed and self-employed, currently filling out my end of year self assessment.
As a PAYE employee I am in the 40% tax bracket so pay a fair amount of NI Contributions.
My self-employment is much smaller, with profits under the current £6,515 threshold for Class 2 NI Contributions.
Self-Assessment is asking if I'd like to pay the voluntary Class 2 NI Contributions.
My question is, do I need to pay the voluntary Class 2 Contributions if I'm already paying enough NI Contributions through my employment?
In order to qualify the year for state pension?
Thanks very much for any help.
As a PAYE employee I am in the 40% tax bracket so pay a fair amount of NI Contributions.
My self-employment is much smaller, with profits under the current £6,515 threshold for Class 2 NI Contributions.
Self-Assessment is asking if I'd like to pay the voluntary Class 2 NI Contributions.
My question is, do I need to pay the voluntary Class 2 Contributions if I'm already paying enough NI Contributions through my employment?
In order to qualify the year for state pension?
Thanks very much for any help.