National Insurance Class 4
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jewels.p
Registered Posts: 1,774 Beyond epic contributor 🧙♂️
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
If profits are £41,000. Are Class 4's calculated as:
£41,000 - £5,715 x 8%
Cheers
0
Comments
-
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.htm0 -
Thanks Monsoon :thumbup:0
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