Question: do i have to pay class 4 national insurance contributions?
Answer: If you have self-employed profits above £50,000 you will pay Class 4 NIC on profits above £50,000 at a rate of 2%. If you are employed and self-employed and you pay the maximum amount of employees NIC (Class 1) then you may only need to pay Class 4 on profits above £9,500 at a rate of 2%.