You pay National Insurance if your profits are above £5,725 and you’ll pay more when your profits rise above £7,755.
|Annual profits||Class 2||Class 4|
|Up to £5,725||£0 but only if you get an exception||£0|
|£5,725 - £7,755||£2.70 a week||£0|
|£7,755 - £41,450||£2.70 a week||9% of profits between £7,755 and £41,450|
|More than £41,450||£2.70 a week||9% of profits between £7,755 and £41,450 and 2% over that amount|
Class 2 is paid by direct debit.
Class 4 is paid through your Self Assessment tax return.
Apply for a Class 2 exception
This is sometimes called a ‘Certificate of Small Earnings Exception (SEE)’. Use form CF10 to apply.