Sole Trader & NI Contributions

[Mr Pointy]

One for the accountants probably:

If someone is a registered ST & fills in the appropriate tax return sections but doesn't actually trade during a tax year, are they still entitled to pay voluntary Class 2 NI contributions to fill up thier NI record or do they have to pay Class 3? There would be no other income or employment during the year.

[Eric Mc]

Class 2 is not voluntary. Class 2 is payable based on minimal income.

There IS a voluntary type of NI which is Class 3. You can pay that.

[Mr Pointy]

Ok, thank you. I'll pass that on.