article_snippet: They usually pay two types of NIC – class 2, a weekly charge if profits are more than £5,885 a year, and class 4, an annual charge if profits are over £7,956.
article_snippet: The self-employed will continue to pay class 4, which is charged at either 2 or 9 per cent of profits depending on earnings.
article_snippet: The class 2 tax, while not enormous, was seen as an administrative burden to pay weekly.