TheTams

This is not a helpful answer. I need to make decisions and manage my finances with knowledge, not luck; I should be able to understand how this works. There are two general questions here that should be quite answerable: 1. Does the "Lower Profits Limit - Self-employed people start paying Class 4 National Insurance" not apply if you earn more than £12,570 income from a PAYE job? 2. Does the £1000 trading allowance still apply if you also have a PAYE job.

If I had one PAYE job, which paid about £22000 on which I have paid £855 class one NI contributions, then I became self employed with £12000 net income, it looks like I pay £12000 * 9% = 1080 in NI contributions. Is that correct? Does the "Lower Profits Limit - Self-employed people start paying Class 4 National Insurance" not apply because I earned more than £12,570 income from my PAYE job? Also, does the £1000 trading allowance still apply? (as in, could I be reporting 11000 not 12000?)