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[Rant] Tax Credits
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<blockquote data-quote="ProDave" data-source="post: 367556" data-attributes="member: 6969"><p>Here it is from the horses mouth <a href="https://www.gov.uk/self-employed-national-insurance-rates" target="_blank">https://www.gov.uk/self-employed-national-insurance-rates</a></p><p></p><p>If self employed you pay £2.75 per week class 2 national insurance, charged quarterly.</p><p></p><p>You also pay 9% class 4 national insurance on profit over £7596 calculated and charged annually after submitting your tax return.</p><p></p><p>Not sure why the NI threshold appears now to be different to the income tax threshold. So in theory you could be eligible for a small amount of class 4 NI but no income tax?</p></blockquote><p></p>
[QUOTE="ProDave, post: 367556, member: 6969"] Here it is from the horses mouth [URL="https://www.gov.uk/self-employed-national-insurance-rates"]https://www.gov.uk/self-employed-national-insurance-rates[/URL] If self employed you pay £2.75 per week class 2 national insurance, charged quarterly. You also pay 9% class 4 national insurance on profit over £7596 calculated and charged annually after submitting your tax return. Not sure why the NI threshold appears now to be different to the income tax threshold. So in theory you could be eligible for a small amount of class 4 NI but no income tax? [/QUOTE]
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