Hi
can anyone offer me some sensible advice,
i currently own 4 properties that i let out,
i am soon to retire and wondered what the situation is regarding paying national insurance contributions on my income
the properties are owned 50/50 with my wife . She will have a small work pension but i will only have the income from the properties,.
We will both be under the legal retirement age
Would i have to pay national insurance as well as tax, if so would it be better for me to set up as a sole trader and pay it this way
i have scoured the web but cant find any sensible advice
thanks
dan
can anyone offer me some sensible advice,
i currently own 4 properties that i let out,
i am soon to retire and wondered what the situation is regarding paying national insurance contributions on my income
the properties are owned 50/50 with my wife . She will have a small work pension but i will only have the income from the properties,.
We will both be under the legal retirement age
Would i have to pay national insurance as well as tax, if so would it be better for me to set up as a sole trader and pay it this way
i have scoured the web but cant find any sensible advice
thanks
dan
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