Property Letting and National Insurance


J

Jon

My father recently passed away and I have inherited his former house
mortgage free. Rather than sell it in a depressed market it is my intention
to rent it out on an assured short hold tenancy.
The letting agency says it should bring in around £450 pcm as rental income,
which after any expenses I do not think is bad.
I work for an firm as a salaried employee paying national insurance via paye
and what I wish to know is would I also have to pay self employed national
insurance contributions because of this rental income and if so how much?
As you can tell I am new to all this type of thing.
 
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