Class 2 NICs were due to be abolished in April 2018 but the measure has been delayed until 6 April 2019. This means that those with earnings from self-employment below the small profits threshold - £6,205 for 2018/19 (up from £6,025 for 2017/18) – can still pay Class 2 contributions voluntarily in order to top up their state pension.
Currently, 35 years’ worth of contributions are required to get a full flat rate state pension of £164.35 per week. To check your national insurance record through your personal tax account to see if you already have enough qualifying years go to https://www.gov.uk/check-national-insurance-record
19/07/2018
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26/04/2024
HMRC launches MTD for Income Tax pilot
HMRC’s pilot scheme for Making Tax Digital for Income Tax Self Assessment (MTD for ITSA) launched on 22 April.
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