gone over my NI exemption certificate limit

[mariamartin]

hi for the past years Ive always earnt under the amount needed to pay income tax and NI payments....and I have a exemption certificate however Im doing my tax returns for 14/15 and it looks like that although Im still under the amount before I have to Pay income tax,I may be over the exemption limit for NI ....what do I please and how much will I have to pay ? I havent finished my book keeping yet but its in the region of £8500?

[mariamartin]

no ideas? anyone know anything please?

[sarah707]

I'd suggest you ring NI and have a chat with them ...

I know the rules are changing in the future and we will pay class 2 NI when we submit accounts unless we are set up to pay in advance ...

More information here :D Class 2 National Insurance – watch what you pay. « TaxAid (http://taxaid.org.uk/class-2-national-insurance-watch-what-you-pay)