Small Earnings Exception specific to self-employment only?

[tristan888]

Hi

Is the National Insurance Class 2 Small Earnings Exception specific to self-employment earnings only? Or does it also take into consideration your Class 1 earnings?
So if I earn more than £5,075 in 2009-10 as an employee alone, do I still need to pay Class 2 NI even if my self-employment earnings are less than £5,075 in 2009-10?

Thanks
Tristan

[RAL]

Tristan

When you are employed and self employed, there is a limit how much you pay national insurance contribution. It is called "Annual Maxima" and it is int he legislation.

At end of the year a calculation needs to be carried out in order to determine the NIC liability. sometimes, if you over paid NIC, HMRC will refund to you.