UK NI Contributions

[MTrimble]

A friend has recently approached me asking if I would mind doing his accounts for him, he has just recently became self employed but continues on in his current job.

He expects his profits to be below the £5,725 limit for Class 2 contributions but does this limit still apply to him with him being employed also? Can't seem to find a definitive answer anywhere.

Thanks

 

[Becky]

Hello and welcome to the forums!

Whether or not Class 2 / Class 4 National Insurance is due is determined by the level of profits from self-employment, so the amount of his earnings from employment will not be taken into account.

More information here: HM Revenue & Customs: Employed and self-employed tax and National Insurance