TXF6 UK

Section A: Q1

Specimen exam

Q1 Section A

2 marks

William is self-employed, and his tax adjusted trading profit for the year ended 5 April 2019 was £82,700.

During the tax year 2018-19, William contributed £5,400 (gross) into a personal pension scheme.

What amount of class 4 national insurance contributions (NIC) will William pay for the tax year 2018-19?

Pick 1 option