You pay National Insurance if your profits are above £5,885 and you’ll pay more when your profits rise above £7,956.
|Annual profits||Class 2||Class 4|
|Up to £5,885||£0 but only if you get an exception||£0|
|£5,885 - £7,956||£2.75 a week||£0|
|£7,956 - £41,865||£2.75 a week||9% of profits between £7,956 and £41,865|
|More than £41,865||£2.75 a week||9% of profits between £7,956 and £41,865 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.