Class 2 & 4 NIC

[mknight]

I am already in a partnership and thinking about entering another one. Will Class 2 NIC be payable for the 2nd partnership (assuming income is above small earnings exception) as well as the first?

I ask because I read on another business website that, "if you have more than one business, special rules apply for calculating adjustments to profits on which you pay Class 4 National Insurance contributions." So, wondering if there was any similar rule for Class 2

There will be two other partners, one of whom is employed, the other currently unemployed.

thanks.

[pawncob]

Class 2 NIC is only paid once, regardless of the number of partnerships you're in.

[Tax Champion]

- but for Class 4 the profits from all businesses are effectively added together.