NIM21002 | Class 2 National Insurance Contributions: Small Earnings Exception: Earnings for the purposes of

Regulation 45 of the Social Security (Contributions) Regulations 2001 (SI 2001 No. 1004)

Earnings were treated as being within the Small Earnings Exception (SEE) limit for a particular year if:

• in the previous tax year, they were less than the SEE limit for that tax year and there had been no material change in the applicant’s profitability;

• they were expected to be less than the current SEE limit in the current tax year

Within this context, ‘earnings’ meant the applicant’s net earnings from employment as a self-employed earner.