National Insurance Class 1

Class 1 national insurance is due to HMRC if you are in employed work and are earning a salary at a certain level. Class 2 national insurance will be abolished in April 2018 leaving only a new potentially reformed Class 4 national insurance for self-employed workers.  The Class 4 NI could be changed to make it more like Class 1 NI with entitlement to state benefits that are currently available by paying Class 2 NI.  So, for that reason, I will look at Class 1 NI in more detail here. Continue reading “National Insurance Class 1”

The Pain of Class 2 National Insurance

A change in tactic in my blog post today and hopefully going forward.  Once a month, I’m hoping to post a technical accounting or tax related post.  At the moment, I have no schedule for it and it will most likely be on what takes my fancy or what I had to deal with in that month.  So, for today, I’m going to look at national insurance and  in particular Class 2 NIC. Continue reading “The Pain of Class 2 National Insurance”