Hi All,
I have a client who is employed and has a small self employed business as well. Profits are expected to be less than £5k. As he is already paying NI on his employment am I correct in saying that there is no benefit to not claiming the small earning exception for Class 2 NI.
Replies (1)
Please login or register to join the discussion.
Apply for Exception from Class 2
If the NI record is already covered by the NI on employment then he is gaining nothing from Class 2. However, when profits increase he cannot avoid paying.