Class 2 NI calculation error

Class 2 NI calculation error

From the 2024-25 tax year, self-employed individuals with profits in excess of £6,725 no longer need to pay Class 2 national insurance contributions (NIC). Instead those taxpayers will receive a national insurance credit to secure their access to contributory benefits such as the state pension. Several of the professional bodies have received reports from their members that Class 2 national insurance is being incorrectly included in SA302 tax ca…