NIM35003 | Special Cases: Share fishermen: Class 2 liability: General

Regulation 125 of the Social Security Contributions Regulations 2001

Share fishermen must pay a special rate of Class 2 NICs for each week they are a share fisherman. However, share fishermen may be excepted from liability under the same circumstances as those which are applicable to other self-employed earners.

In addition, they are excepted from liability to pay a special rate Class 2 contribution for any contribution week in respect of which they are in receipt of a contribution based Job Seekers Allowance [JSA(C)] or but for a failure to satisfy the contribution conditions for that benefit, they would be so entitled.