You pay National Insurance if your profits are above £5,885. You’ll pay more when your profits rise above £7,956.
Rates for the 2014 to 2015 tax year
|Annual profits||Class 2||Class 4|
|Up to £5,885||£0 but only if you get a small earnings exception||£0|
|£5,885.01 to £7,956||£2.75 a week||£0|
|£7,956.01 to £41,865||£2.75 a week||9% of profits between £7,956.01 and £41,865|
|More than £41,865||£2.75 a week||9% of profits between £7,956.01 and £41,865 and 2% over that amount|
Check rates from previous years.
How to pay
Pay your Class 2 National Insurance through your bank, at the Post Office or by post.
You pay Class 4 National Insurance through your Self Assessment tax return.