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Voluntary National Insurance (Class 2) - for Investors

Practical Issues
swill453
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Re: Voluntary National Insurance (Class 2) - for Investors

#629205

Postby swill453 » November 22nd, 2023, 5:22 pm

mc2fool wrote:Eh? No, it's not easier and cheaper now, and definitely not without paying anything.

OK I'm sure you're right.

Scott.

swill453
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Re: Voluntary National Insurance (Class 2) - for Investors

#629207

Postby swill453 » November 22nd, 2023, 5:25 pm

The state pension is getting perilously close (next year) to the personal allowance - about £11,500 vs £12,570.

If they don't want an explosion of people drawn into the basic rate bracket they better do something about it soon.

Scott.

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Re: Voluntary National Insurance (Class 2) - for Investors

#629249

Postby GrahamPlatt » November 22nd, 2023, 7:14 pm

“ The chancellor also said NI contributions will be reduced for the self-employed. He has abolished the class 2 flat-rate weekly contributions of £3.45 a week, currently paid if earnings for the year are above £12,570, and is reducing class 4 contributions on all earnings between £12,570 and £50,270 from a rate of 9% to 8%.”

What the Autumn Statement means for you and your money https://www.bbc.co.uk/news/business-67484095


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