Lee Sharpe outlines some of the changes to the staple of self-employed National Insurance Contributions – and the consequences.
National Insurance contributions (NICs) have had something of a ‘makeover’ in the last couple of years.
In this article, I’ll be looking at what has happened for self-employed NICs, and some of the implications in particular for the changes to the Class 2 ‘stamp’, that secures a credit for contributory benefits:
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Primarily the State Pension, but also including:
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Incapacity Benefit;
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New-style Jobseekers’ Allowance; and
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New-style Employment Support Allowance.
March 2022 Spring Budget
Seemingly as part of a
