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self-employed national insurance

self-employed national insurance

NIC Position If You Are Employed and Self-Employed, Maximum Contributions and Deferment

Despite the increase in National Insurance Contributions (NIC) in the April 2022 Spring Statement (the increase being replaced by the Health and Social Care Levy in July 2022) there remains a significant financial advantage for individuals working as self-employed rather than as employees. However, complications can arise where an individual is both employed and self-employed …

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