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Posted Mon, 22 Jan 2024 14:22:31 GMT by
I am in the process of completing my 2022-23 tax return, my taxable profits were just over £9,000 so I don't have to pay NIC? but will the year still count as full for my pension as this is the final year I need, or do I have to pay Voluntary contributions? Thanks
Posted Wed, 07 Feb 2024 08:36:55 GMT by HMRC Admin 20 Response
Hi Grace Collett,
In the 2022 Spring Statement, the Chancellor of the Exchequer introduced a Lower Profit Threshold (LPT) for Class 2 NICS.
This means those who are filing SA returns from 2022/23 onwards and have profits from the Small Profit Threshold (SPT) up to the LPT will now no longer need to pay Class 2 NICs.
For your further information the SPT for 2023 is £6,725 and the LPT is £11,908.
To ensure these customers retain entitlement to contributory benefits HMRC will be adding 'Treat as Made' Class 2 NICs to their accounts.  This means that the year will still count towards benefit entitlement.
As your profit was between these figures, your Class 2 NICs will be ‘treated as made’.
Thank you.

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