NI for the self employed

you pay 'Class 2' National Insurance contributions at a flat rate weekly amount of £2.40
you also pay 'Class 4' National Insurance contributions as a percentage of your taxable profits - you pay eight per cent on annual taxable profits between £5,715 and £43,875 and one per cent on any taxable profit over that amount
if your earnings in the 2010-11 tax year are expected to be less than £5,075 then you may be entitled to the Small Earnings Exception, meaning you don't have to pay any Class 2 National Insurance contributions - you can apply for Small Earnings Exception certificate for the 2010-11 tax year on form CF10

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