• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
Free ACCA & CIMA online courses from OpenTuition

Free ACCA & CIMA online courses from OpenTuition

Free Notes, Lectures, Tests and Forums for ACCA and CIMA exams

  • ACCA
  • CIMA
  • FIA
  • OBU
  • Books
  • Forums
  • Ask AI
  • Search
  • Register
  • Login
  • ACCA Forums
  • Ask ACCA Tutor
  • CIMA Forums
  • Ask CIMA Tutor
  • FIA
  • OBU
  • Buy/Sell Books
  • All Forums
  • Latest Topics

June 2025 ACCA Exam Results

Comments & Instant poll >>

20% off ACCA & CIMA Books

OpenTuition recommends the new interactive BPP books for June 2025 exams.
Get your discount code >>

self-employed and employer NIC

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › self-employed and employer NIC

  • This topic has 1 reply, 2 voices, and was last updated 10 months ago by JillyB.
Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • September 18, 2024 at 12:31 pm #711553
    alawi sayed
    Participant
    • Topics: 301
    • Replies: 352
    • ☆☆☆☆

    Hi Jilly,

    For the following the question asked for NIC of Reberto who is trading .So here upon knowing that he is trading so which NIC we will choose The self-employed ones( class 2 & class 4) or the
    the ones for employer (class 1)
    based on which point we can choose

    For my knowledge I come to know that as he is a trader so he is self employed

    but if he was paying for the employee contribution then we should choose the Class1 -employer NIC

    is that okay.

    Thanks

    Roberto has been trading for many years. His tax-adjusted trading profits for 2023-24 are £25,000.

    What is the total amount of national insurance contributions payable by Roberto for the tax year 2023-24?

    A.£1,119
    B.£1,298
    C.£2,250
    D.£2,429
    The correct answer is B.

    £
    Class 2: 52 × £3.45 179
    Class 4: 9% (£25,000 ? £12,570) 1,119
    1,298

    September 19, 2024 at 3:34 pm #711572
    JillyB
    Keymaster
    • Topics: 0
    • Replies: 899
    • ☆☆☆☆

    Emplyees pay class 1 – self emplyed class 2 and 4 – as clearly laid out in the NIC chapter

  • Author
    Posts
Viewing 2 posts - 1 through 2 (of 2 total)
  • You must be logged in to reply to this topic.
Log In

Primary Sidebar

Donate
If you have benefited from our materials, please donate

ACCA News:

ACCA My Exam Performance for non-variant

Applied Skills exams is available NOW

ACCA Options:  “Read the Mind of the Marker” articles

Subscribe to ACCA’s Student Accountant Direct

ACCA CBE 2025 Exams

How was your exam, and what was the exam result?

BT CBE exam was.. | MA CBE exam was..
FA CBE exam was.. | LW CBE exam was..

Donate

If you have benefited from OpenTuition please donate.

PQ Magazine

Latest Comments

  • sallauddinsk on Financial management objectives – ACCA Financial Management (FM)
  • kmottea on IASB Conceptual Framework – Introduction – ACCA Financial Reporting (FR)
  • kmottea on IASB Conceptual Framework – Introduction – ACCA Financial Reporting (FR)
  • Hamza101 on Sub-leases – ACCA (SBR) lectures
  • AdityaSairam on Overcapitalisation and Overtrading – ACCA Financial Management (FM)

Copyright © 2025 · Support · Contact · Advertising · OpenLicense · About · Sitemap · Comments · Log in