Reply To: Class 2 Self-Employed

Pete Mc

The way I’ve always looked at it is that you are estimating someone’s future self-employed earnings so, yes, I will look at what they earned last year as a guide but, when estimating this years net earnings, I will use this years tax and NI thresholds. Not sure that there is any right or wrong though when it comes to estimating, it’s just a best guess and I’d argue my best guess should be based on the current tax and NI.