If in 22/23 tax year your taxable profits are from £6,725 to £11,908, you will not need to pay Class 2 NICs. Your contributions are treated as having been paid to protect your entitlement to State Pension and certain benefits.
If your taxable profits are more than £11,908, you must pay Class 2 NICs.
For 2022 to 2023, Class 2 NICs are £3.15 a week.
Contact us today or shedule consultations.