Self-Employed National Insurance and Self Assessment

October 15th, 2015

Since 6 April 2015 Class 2 NICs has become collectable through Self Assessment for most self-employed people. Payment for 2015/16 will be due no later than 31 January 2017.

A small number of customers will not be required to complete an SA return and HMRC will be sending these customers a bill by October 2016 to enable them to continue to paying their contributions.

Self-employed National Insurance rates

You usually pay 2 types of National Insurance if you’re self-employed:

Self Employed National Insurance

  • Class 2 if your profits are £5,965 or more a year
  • Class 4 if your profits are £8,060 or more a year

Read more

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