Advanced search

Class 4 NIC owed but already paid Class 2 help!

(5 Posts)
sootica Thu 28-Jan-16 08:42:34

Hi so just finished my tax return and I have to pay Class 4 NIC for 2014-2015.
But I have already paid Class 2 NIC this year. I didn't realise that Class 2 no longer applied to me as my profits were higher this year. Do I just apply for a refund of Class 2 separately? Can't download the form without filling in all my details and it also looks like the deadline is the same as the tax return - will I not get a refund if they don't receive this in time?

sootica Thu 28-Jan-16 08:43:11

Or should I say somewhere on my tax return that I've already paid class 2.....

sootica Thu 28-Jan-16 08:44:38

Or am I meant to pay class 2 AND class 4? V co fused

TalkinPeace Thu 28-Jan-16 21:01:54

Class 2 is a flat rate per week and is the old fashioned "stamp" that entitles you to a state pension.

Clas 4 is 9% of your profits in teh basic rate band - its just a tax

you have to pay both

sootica Thu 28-Jan-16 21:59:57

Thank you ! I had come to the conclusion that was the answer but hadn't budgeted for that 9 per cent. Yet another reason to do my tax early this year....

Join the discussion

Registering is free, easy, and means you can join in the discussion, watch threads, get discounts, win prizes and lots more.

Register now »

Already registered? Log in with: