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Where Taxpayers and Advisers Meet

2 Employments (NI contributions)

sfabs
Posts: 2
Joined: Thu Apr 20, 2017 10:00 am

2 Employments (NI contributions)

Postby sfabs » Thu Apr 20, 2017 10:05 am

Hello, thanks in advance for any advice

I understand that you can have 2 employments and receive pay up to the primary threshold at EACH employment without incurring National insurance. Is this still correct?

If I am self employed/partnership AND an employee of company (of which I am a director and share holder) does this count as 2 employments... for which I can earn a salary from each up to the primary threshold before incurring NI??

Thanks

SteLacca
Posts: 439
Joined: Fri Aug 07, 2015 2:17 pm

Re: 2 Employments (NI contributions)

Postby SteLacca » Fri Apr 21, 2017 3:26 pm

You can't receive a salary in respect of your self-employment - you are taxed on profits, regardless of your level of drawings.

Your basic understanding of Class 1 NI is, however, accurate, in that it is calculated per employment rather than on the total.

sfabs
Posts: 2
Joined: Thu Apr 20, 2017 10:00 am

Re: 2 Employments (NI contributions)

Postby sfabs » Fri Apr 21, 2017 3:53 pm

Thank you for your reply.

That answers my question

thanks again


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