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Will I have to pay NI as a freelancer if I am a PAYE employee?
Dan7
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Dan7
Messages count : 3
Likes count : 0
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2 November 2010
Hello,
I am considering signing myself up a sole trader so I can do some freelance graphic design work for a couple of local business. I will continue to work in full time employment so my question is: will I still have to Pay national insurance as a freelancer when I pay it though my monthly pay checks already?
Sorry if this is a stupid question, Im trying to get my head around this and it's a lot to take in.
Please note, my earnings as a freelancer will not tend to be very heigh. I am aiming for a couple of thousand a year at most. So well within the VAT limits ect...
Thanks for any help!
D
I am considering signing myself up a sole trader so I can do some freelance graphic design work for a couple of local business. I will continue to work in full time employment so my question is: will I still have to Pay national insurance as a freelancer when I pay it though my monthly pay checks already?
Sorry if this is a stupid question, Im trying to get my head around this and it's a lot to take in.
Please note, my earnings as a freelancer will not tend to be very heigh. I am aiming for a couple of thousand a year at most. So well within the VAT limits ect...
Thanks for any help!
D
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Rizzo
Messages count : 51Likes count : 0Registration : 5 November 2006Hi Dan7
You might find this article helpful for starting out:
Also under HMRC’s updated guidance, the newly self-employed must also register to pay Class 2 National Insurance contributions (NICs) by completing form CA5601, even if their self-employment is in their spare time.
Registering as self-employed: the basics :: Freelance UK
Good luck! -