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Posted Thu, 01 Aug 2024 14:29:27 GMT by Andrew Davidson
I have recently reached retirement age, but am not claiming my state pension yet, until I have topped up my NI contributions (missing years) I am self employed, and currently earn just over the threshhold to pay class 2. Do I need to pay class 4? I can't find any where to find out how to do this. I have phoned the Future pension, and the pension service, and had no joy. Very confused, can someone please help. Thank you
Posted Wed, 07 Aug 2024 09:33:36 GMT by HMRC Admin 25 Response
Hi Andrew, 
Class 4 National Insurance does not count towards your State Pension.
When you are self -employed, its only Class 2 National Insurance that counts towards your State Pension.
You will only be charged Class 4 National Insurance once your Self Employment profits exceeds £12,570 for the current tax year.
If your profit is below £12,570 you will not be charged Class 4 NIC 
Please see guidance here: 
Self-employed National Insurance rates
Thank you. 

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