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Class 2 and pension

18/01/2018 19:44:22
Hello,
I’m self employed again, how does class 2 worked, used to pay this monthly thru bank, know this is the pension one, also I’m back in country now, can you tell me what pension I could get
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Class 2 and pension

18/01/2018 19:53:22
Hi there,

Class 2 National Insurance is now charged when you submit your Self Assessment return each year. This tax year you would pay £2.85 per week if your profit from Self Employment is over £6025. If you do not make over the profit threshold you can elect to make voluntary contributions to keep them up to date. You can contact the Sate Pension Claim Line who can give you further information on your State Pension on 0800 731 7898. They are open Mon - Fri, 8am-6pm
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Class 2 and pension

18/01/2018 19:57:24
Hi there, thanks for your question.

Class 2 National Insurance is now billed annually via your Self-Assessment tax return and for the current tax year (2017/201 it is charged at a rate of £2.85 per week of self-employment when your profits go over £6025 . If your profits are below this you can choose to pay voluntarily on your return.

For a State Pension Forecast, you can call the Pension Forecast helpline (Department for Work and Pensions) on 0800 731 0175 (8am - 6pm Monday to Friday)

Further info can be found on gov.uk.

This message was edited 1 time. Last update was at 18/01/2018 19:59:17

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