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Is Class 4 NI payable if I have 2 self employment incomes?

fodigie
by fodigie 30 July 2012  |  Comments 1 comment  |  Love Love  0 loves

If I have 2 separate self employments for the tax year 2011/12:

1. Builder - Net profit £7,000

2. Foster Carer - Net Profit £5,000

Am I right in thinking that no Class 4 NI is payable as each separate income is below the NI threshold of £7225?

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Comments (1)

  • MikeGG1
    Love rating 879
    MikeGG1 posted

    Self-employed earning are added together for class 4 and income tax.

    Mike

    Posted on 30 July 2012 | Love Love  0 loves Report

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