National Insurance Class 4

jewels.p

Can someone confirm this as my book doesnt give an example.

If profits are £41,000. Are Class 4's calculated as:

£41,000 - £5,715 x 8%

Cheers

Monsoon

Yes that's right

Upper limit for Class is 43,875, above which the rate is 1%

Really helpful link (well it is to me!! ):
http://www.hmrc.gov.uk/rates/nic.htm

jewels.p

Thanks Monsoon :thumbup: