National insurance Flashcards
1
Q
When does class 2 cease/class 4 cease?
A
From when they meet pensionable age/from the start of the first tax year when reach pensionable age
2
Q
Lower profit limit for class 2 and class 4?
A
12,570
3
Q
small profit threshold when no NIC payable but can still get state pension?
A
6,725
4
Q
class 4 NIC rates for 23/24?
A
9& between 12.570-50,270 and 2% on profits above that
5
Q
are class 4’s included in POAS’s?
A
yes
6
Q
what should you think about?
A
annual maxima (if more than 1 job) OR if class 1 /2 NIC as well
