RE: Wildly off-topic: Computer Contracting and NI

[Mark Harrison <mark.harrison@xxxxxxx>]

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Thanks.
=20
I guess I'm concerned because I'll hit the upper limit on Class 3s on the
basis of the 10 months I've worked as a salaried employee, so don't
particularly feel that good about paying full whack on the Class 4s as well
;-(

Mark
=20
=20
-----Original Message-----
From: Steve Morgan [mailto:steve@xxxxxxx]
Sent: Monday, February 26, 2001 7:23 PM
To: ukha_d@xxxxxxx
Subject: RE: [ukha_d] Wildly off-topic: Computer Contracting and NI


Looking at the SA Tax Return for the 99/00 tax year, I don't think it's
pro-rated, but is simply an upper cutoff.
=20
This is what I've managed to deduce from:
http://www.inlandrevenue.gov.uk/pdfs/1999_00/helpsheets/ir220.pdf
<http://www.inlandrevenue.gov.uk/pdfs/1999_00/helpsheets/ir220.pdf>=20
http://www.inlandrevenue.gov.uk/pdfs/1999_00/individual/notes/sa103(nts)net=
.
pdf
<http://www.inlandrevenue.gov.uk/pdfs/1999_00/individual/notes/sa103(nts)ne=
t
.pdf>=20
and
http://www.inlandrevenue.gov.uk/pdfs/1999_00/individual/pages/sa103net.pdf
<http://www.inlandrevenue.gov.uk/pdfs/1999_00/individual/pages/sa103net.pdf=
>

=20
FWIW: I'm not self employed - SWMBO and I work for the Inland Revenue
Account of EDS and we designed (and wrote most of) the engine that
validate=
s
and calculates self-assessment tax returns.
=20
Steve
=20

-----Original Message-----
From: Mark Harrison [mailto:mark.harrison@xxxxxxx]
Sent: 26 February 2001 17:16
To: 'ukha_d@xxxxxxx'
Subject: [ukha_d] Wildly off-topic: Computer Contracting and NI


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Wildly off topic.

Can any of you IT contractors give me the quick summary of how Class 4 NI
contributions upper thresholds work if you've only been self-employed for
part of the year?

I've paid the Class 2s at =A32/week for the period I was self-employed,
but=
I
want to know if my Class 4s are subject to the entire year's upper
threshold, or whether the threshold is also scaled down to just the period
=
I
was self-employed...

Affects the amount I put aside now for tax and NI come self-assesment time,
rather than spending it on yummy HA toys ;-)

Mark