Class 2 National Insurance Contributions are here to sta

Class 2 National Insurance Contributions are here to stay

Self-employed workers with small profits breathe a sigh of relief as the Chancellor has changed his mind – again – on National Insurance Contributions (NICs) for the self-employed. The Treasury has revealed that Class 2 NICs will remain for at least the rest of this Parliament. The Treasury’s justification was that, without Class 2 NICs, “A significant number of self-employed individuals on the lowest profits would have seen the voluntary payment they make, to maintain access to the state pension, rise substantially.”…..