NIM70450 | Class 2 National Insurance contributions: general information: allocation of monies

Section 11A(2) of the Social Security Contributions and Benefits Act (SSCBA)1992

From tax year 2015 to 2016 most self-employed earners will use their Self Assessment (SA) tax return to pay Income Tax, Class 2 and Class 4 NICs.

Class 2 NICs are not included in Payments on Account so are only paid as part of the balancing charge and follow normal SA allocation rules.

(This content has been withheld because of exemptions in the Freedom of Information Act 2000)

For more information, see DMBM210100.

Autumn Statement 2023

From 6 April 2024 the Class 2 Lower Profits Threshold was removed which means that liability to pay Class 2 NICs no longer exists from tax year 2024 to 2025 onwards. Those with profits under the Small Profits Threshold can still choose to pay Class 2 voluntarily in SA.