affect it.
if self employed...
you pay Class 2 and Class 4 National Insurance contributions.
Class 2 National Insurance contributions are paid at a flat rate of ?2.50 a week (?130)
Class 4 National Insurance contributions are paid as a percentage of your annual taxable profits - 9 per cent on profits between ?7,225 and ?42,475, and a further 2 per cent on profits over that amount
so 10k less 7225 = 2775 @ 9% = ?250
Posted By: Tony Martin, Sep 14, 12:13:50
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