Self employment after retirement

[viz48]

I retired last year at 60. I am recieving state pension. I would like to do intermittent work , holiday cover etc in a self employed catagory. Will I have to pay national insurance?

[THECORBYLOON]

You'll not to pay Class 2 or Class 4 as you are over State Pension age. See here for confirmation http://www.hmrc.gov.uk/nic/background-nic.htm

[viz48]

thanks corby....much appreciated...Viz

[Tom Braider]

Trouble is, holiday cover and the like is very unlikely to be acceptd by the Revenue as self-employment. If you're doing the job of an employee while he/she is away, you'll have the same employment status as they did. You're not going to be in business on your own account. See this link: http://www.hmrc.gov.uk/employment-status/index .htm#2

[dzug]

Whether you are employed or self employed makes no difference to NI - you are not liable to pay if you are receiving state pension.

[LoftyLottie]

Just to second what dzug has posted. If you are of state retirement age you don't pay any further NI contributions at all.

[Tom Braider]

No, but the employer is.

[Tom Braider]

The employer does, rather. Point being that it's just as expensive to the employer to take on somebody over pension age as it is to use a pre-pensioner (if that's a word).

[LoftyLottie]

You are right, but that is not what was asked in the question. In the sort of work viz48 intends to do then I doubt whether his/her earnings will even reach the level where NI contributions are payable.