Okay, I've been contracting for six months and finally have enough invoices paid to begin drawing a regular salary. Now I gather £5,225 is the most tax efficient amount to draw this year and still meet the minimum National Insurance contributions required to get a pension. However, given that we're in month 4 already, can I now take 5225/9 = £580 for each of the remaining months and still meet the NI criteria, or will the fact that NI is worked out on a weekly basis mean this won't get me enough NI to make a qualifying year?
Thanks, Tony.
Thanks, Tony.
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