Abolition of Class 2 NIC’s – Delayed

HM Treasury has confirmed that the abolition of Class 2 NIC’s has been delayed by 12 months, and will now take effect in April 2019.

Once Class 2 NIC’s are abolished, self employed persons with profits below the small profits threshold will have to pay Class 3 NIC’s in order to build up an entitlement to state benefits such as the state pension.