Class 2 Contributions

Class 2 Contributions are a type of National Insurance paid by self-employed individuals in the UK. They help build your entitlement to certain benefits, like the State Pension and the National Health Service (NHS). Typically, these contributions are fixed weekly payments, and most self-employed people are required to pay them if their profits are above a specific threshold. Paying Class 2 Contributions is important to ensure you qualify for these benefits in the future. If your profits are low or you’re exempt, you may not need to pay, but it’s advisable to check your eligibility regularly.