Class 2 National Insurance contributions: Small Earnings Exception: Earnings for the purposes of
Regulation 45 of the Social Security (Contributions) Regulations 2001 (SI 2001 No 1004)
Earnings are treated as being within the SEE limit for a particular year if -
- In the previous tax year, they were less than the SEE limit for that tax year and their has been no material change in the applicant’s profitability;
- They are expected to be less than the current SEE limit in the current tax year
Within this context, “earnings” means the applicant’s net earnings from employment as a self-employed earner.