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[Rant] Tax Credits
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<blockquote data-quote="Murdoch" data-source="post: 367583" data-attributes="member: 24445"><p>I remember now, you can opt to pay monthly or quarterly!</p><p></p><p>And yes the class 4 is "compulsory"</p><p></p><p>I did a bit of reading up on this last night and once you are of retirement age you can stop playing class 2 NIC's but if you are still working you still cop the 9% for class 4</p><p></p><p>Its about time NI was merged into tax and more loopholes were removed.</p><p></p><p>I do think the SE should be allocated a higher tax free threshold though!</p></blockquote><p></p>
[QUOTE="Murdoch, post: 367583, member: 24445"] I remember now, you can opt to pay monthly or quarterly! And yes the class 4 is "compulsory" I did a bit of reading up on this last night and once you are of retirement age you can stop playing class 2 NIC's but if you are still working you still cop the 9% for class 4 Its about time NI was merged into tax and more loopholes were removed. I do think the SE should be allocated a higher tax free threshold though! [/QUOTE]
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