Voluntary Class 2 NIC

Voluntary Class 2 NIC

You can elect to make voluntary class 2 voluntary contributions if you have added a Self-Employment page and your profit is below the Class 2 NIC limit.

Click on 'SAVE' > 'CONTINUE' > 'YES'

Answer 'Yes' to the question 'Do you want to voluntarily contribute towards Class 2 Contribution?'

Tick the box to pay the maximum amount (£163.80 - 2023/24)

 

or enter the voluntary contribution you need to make (max £163.80)

  

Click on 'SAVE' at the bottom of the page. 


    • Related Articles

    • Why is Class 4 National Insurance 9.73%?

      The Class 4 NIC rates have increased from 9% to 9.73%, this increase has been implemented to take into account the amounts due to go towards the Health and Social Care Levy which took place for the four-month period between July 2022 and October ...
    • SA104 : Where can I enter Adjustments to Partnership Profits to reduce the Class 4 National Insurance I need to pay?

      Some adjustments can reduce the amount of Class 4 National Insurance contributions you have to pay. These include: • adjustments for changes in accounting practice • certain losses from earlier years • employment earnings included in your profits   ...
    • Adding Student Loans, Bank Details and Losses

      Can't find where to input your Student Loan information? Where can you send your repayment bank details? How about Marriage Allowances or National Insurance Voluntary Contributions? All these options will be present in SimpleTax's  Validate my Tax ...
    • Understanding your Report

      When entering your information in GoSimpleTax, the calculation gets updated automatically as you go along, but you do need to ensure you click SAVE periodically to ensure your data is saved. You can view the full tax calculation in the "Report" page ...
    • What Are The UK Tax Year Dates And Filing Deadlines

      The tax year runs from the 6th April - 5th April. Your accounts need to be calculated according to these dates. You can start submitting your tax return on the first day of the next tax year 6th April. 31 October is the deadline for paper filing of ...