Class 2 National Insurance

You may remember back in 2015, George Osborne announced that the government were scrapping Class 2 National Insurance contributions for self employed workers.

However, the government has recently announced that they are scrapping the move to abolish the contributions, citing concerns that low earning self-employed workers would pay more than the contributions themselves to access state pension. There was also concern over whether this would make the UK tax system even more complicated.

The content of this article is for general information only and does not constitute tax advice. It should not be relied upon and action which could affect your business should not be taken without appropriate professional advice.

Written by Ellie Hammett ACCA

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