Accounting Journal

Accounting Journal

Class 2 National Insurance contributions charged in error

Jan 20, 2026
∙ Paid

The liability for self-employed earners to pay Class 2 National Insurance contributions was abolished with effect from 6 April 2024. Now Class 2 National Insurance is a voluntary charge which self-employed earners with profits below the small profits threshold can choose to pay to secure a qualifying year for state pension and benefit purposes. Where a …

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